One of the most alarming aspects of the current situation is that eight years of extraordinarily loose monetary policies have been unable to put national economies back on a path of more than marginal growth or, in some cases, any real growth at all. In this regard, the U.S. appears somewhat better off than other developed economies.There are numerous definitions of the term economics, but Merriam Webster may best summarize it as “a social science concerned chiefly with description and analysis of the production, distribution and consumption of goods and services.” Based on this, one might describe economics as sort of a fundamental supply/demand balance sheet for human productive and consumptive activity of which fundamental supply/demand...

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