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Essay / Research Paper Abstract
This 8 page paper examines the government's role in the economy and its impact on the individual. Some U.S. history is included with a focus on the federal reserve and policies initiated by Roosevelt. A variety of ideas are discussed. Bibliography lists 7 sources.
Page Count:
8 pages (~225 words per page)
File: RT13_SA552gov.rtf
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Unformatted sample text from the term paper:
Yet, government does intrude many times to render certain conditions in the economy so that individuals can prosper. Changing tax codes and tax policy in general does have a significant
effect on the economy and on individual lives. There is often argument as to whether tax cuts truly has a significant effect on the individual. Does two hundred or two
thousand dollars really matter in the scheme of things? It seems that tax cuts do situation the economy. It prompts people to buy more things and this is good for
everyone. For individuals making ends meet, any extra money can alter quality of life at least a bit and when they spend money, it helps the economy. Another interesting
point is that partisan politics often play a role. Sometimes, political parties can make a commitment to the nation and it becomes irrevocable (Alesina, 1995). A party creates a platform
for an election, and then they are often stuck with a promise or an idea for four or eight years or as long as an important party member is in
office. The notion that there would not be tax increases would come back to haunt George Bush for example. He made his famous statement: "Read my lips. No new taxes"
during the New Hampshire primary. Yet, during his administration, he did consent to raising taxes. This demonstrates that politics do play a role in government intervention as it respects the
economy. Bush did not want to raise taxes but felt compelled to do so at some point. Monetary policy is similarly effective in altering things. Alan Greenspan has over the
years changed the interest rate to ward against inflation and keep the economy sound. History provides a good lesson in terms of government intrusion. Many remember what were referred to
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