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U.S. Economic Policy Marcos Eslava, Ethan Polan

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Title: U.S. Economic Policy Marcos Eslava, Ethan Polan Author: Ethan Polan Last modified by: Megan Roby Created Date: 1/13/2014 1:12:09 AM Document presentation format – PowerPoint PPT presentation

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Title: U.S. Economic Policy Marcos Eslava, Ethan Polan


1
U.S. Economic PolicyMarcos Eslava, Ethan Polan
2
History of Economic Policy
  • Alexander Hamiltons Economic Plan
  • Protective Tariffs
  • Government Expansion
  • Laissez-Faire

3
Economic Theories
  • Monetarism
  • Keynesianism
  • Economic Planning
  • Supply-Side

4
Monetarism
  • Excess MoneyLack of SupplyInflation
  • InflationGovt ActionRecession
  • Steady Increase Supply

5
Keynesian Economics
  • Govt Serves as Moderator to Economy
  • Supply and Demand Curves
  • Deficit Spending

6
Economic Planning
  • Plan Countrys Economic Activity
  • Price and Wage Control
  • Protects the People

7
Supply-Side
  • Less Govt Interference
  • Money Cycles
  • Tax Cuts to Stimulate Spending

8
Liberal or Conservative?
  • Where do these theories fall on the political
    spectrum?

L
C
Economic Planning
Supply-Side
Monetarism
Keynesianism
9
Strategic Framework for the Department of the
Treasury
  • 2013

Strategic Goal 1 Support Recovery of Housing Market
Strategic Goal 2 Competitiveness Stability
Strategic Goal 3 National Security
Strategic Goal 4 Tax and Fiscal Reform
Strategic Goal 5 Manage Govt Finances Responsibly
10
Current Economic Policy
  • Keynesian Oriented
  • Deficit Spending

11
Important Legislation
  • New Deal
  • American Recovery and Reinvestment Act of 2009

12
Current Issue
  • 17.075 trillion in Federal Debt
  • Credit Rating

13
Problem Left Unresolved
  • Credit Rating at Risk
  • Higher Debt
  • Political Conflict

14
Our Recommendation
  • Reduce Bureaucracy
  • Limit Deficit Spending
  • Downsize the Military

15
  • Works Consulted
  • 11c. Economic Policy. ushistory.org. Last
    updated 2014, accessed January 4, 2014.
    http//www.ushistory.org/gov/11c.asp.1
  • 18b. Hamiltons Financial Plan. ushistory.org.
    Last updated 2014, accessed January 5, 2013.
    http//www.ushistory.org/us/18b.asp.2
  • Bennet, Will LA. Idle Youth Using Sport to
    Address Youth Bulge in Sierra Leone.
    studentpulse.com. Last updated 2014, accessed
    January 5, 2014. http//www.studentpulse.com/artic
    les/249/4/idle-youth-using-sport-to-address-the-yo
    uth-bulge-in-sierra-leone.3
  • Dinan, Stephen. U.S. debt jumps a record 328
    billion tops 17 trillion for first time.
    washingtontimes.com. Last updated 2014, accessed
    January 5, 2014. http//www.washingtontimes.com/ne
    ws/2013/oct/18/us-debt-jumps-400-billion-tops-17-t
    rillion-first-t/.4
  • Edwards, Chris. Debt Deal to Slow the Economy.
    cato.org. Last updated August 2, 2011, accessed
    January 5, 2014. http//www.cato.org/blog/debt-dea
    l-slow-economy.5
  • If the U.S. government were a household. The
    Daily Economist. Last updated 2011, accessed
    January 5, 2014. http//www.thedailyeconomist.com/
    2012/07/if-us-government-were-household.html.
  • 6
  • Kogan, Richard, Matt Fielder, Aviva Aron-Dine,
    and James R. Horney. The Long-Term Fiscal
    Outlook is Bleak. Center on Budget and Policy
    Priorities. Last updated 2014, accessed January
    5, 2014. http//www.cbpp.org/cms/?faviewid1003.
  • 7
  • Masters, Jonathan. U.S. Deficits and the
    National Debt. Council on Foreign Relations.
    Last updated March 2, 2012, accessed January 5,
    2014. http//www.cfr.org/united-states/us-deficits
    -national-debt/p27400.
  • 8
  • Strategic Plan, Department of the Treasury,
    Fiscal Years 2012-2015. treasury.gov. Last
    updated 2012, accessed January 4, 2014.
    http//www.treasury.gov/about/budget-performance/s
    trategic-plan/Documents/strategic-plan2012-2015.pd
    f.
  • 9
  • What is ARRA. harvard.edu. Last updated 2014,
    accessed January 4, 2014. http//era.harvard.edu/i
    cb/icb.do?keywordk6870tabgroupidicb.tabgroup844
    6.
  • 10
  • Wilson, James Q., and John J. DiIulio Jr.
    American Government. Boston Houghton Mifflin
    Company, 2004.
  • 11
  •  
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