Financial Jesus » interest rates http://www.financialjesus.com Some people are rich long before they have money Wed, 08 Feb 2012 23:14:21 +0000 en hourly 1 http://wordpress.org/?v=3.1 Game: What’s it like to be Chairman of the Fed? http://www.financialjesus.com/fun/whats-it-like-to-be-chairman-of-the-fed/ http://www.financialjesus.com/fun/whats-it-like-to-be-chairman-of-the-fed/#comments Mon, 02 Jun 2008 18:01:45 +0000 Roman http://www.financialjesus.com/?p=162 Game: What's it like to be Chairman of the Fed?

Here is a fun and addicting game to all you money loving FinancialJesus.com readers.

In the Fed Chairman Game you are in charge or the national monetary policy of the US.

Your goal is simple – you must adjust the Federal Funds rate in order to keep the inflation and unemployment rate stable. This game makes you realize just how difficult it is to steer the national monetary policy.

It took me at least 10 tries to keep inflation in the target 2% area, while at the same time keeping the unemployment rate at around 5% and finishing the game successfully. See if you can do better.

You can play the Fed Chairman Game here.

What is The Federal Funds Rate?

The Federal Funds rate is the interest rate that Federal Reserve (the central bank of US) uses to lend money to other banks. By changing this interest rate the FED has the ability to control the supply of money in the U.S economy. Among many things this basically gives them the power to control the amount of business done in the US and also the unemployment rate.

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]]> http://www.financialjesus.com/fun/whats-it-like-to-be-chairman-of-the-fed/feed/ 3 Jim Rogers on CNBC – “Abolish the FED” http://www.financialjesus.com/how-to-get-rich/jim-rogers-on-cnbc-abolish-the-fed/ http://www.financialjesus.com/how-to-get-rich/jim-rogers-on-cnbc-abolish-the-fed/#comments Mon, 19 May 2008 21:47:32 +0000 Roman http://www.financialjesus.com/?p=55 Jim Rogers on CNBC -

Below is a great video of Jim Rogers who is widely know as one of the most successful investors in the world. Among other things he was the guy who helped George Soros start the Quantum Fund which grew 3365% (yes, three thousand) during the first ten years. That’s 42.6% per year for 10 years straight.

This video is spectacular because we have a chance to see what a man who knows more about the economy than most of the people on earth think about what’s going on. Stuff like this rarely gets aired. Enjoy!

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