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July 1, 2016 

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FEDERAL RESERVE BANK: One of 37 Banks (12 District and 25 Branch) that comprise the Federal Reserve System. These Banks are largely responsible for supervising, regulating, and interacting with commercial banks and carrying out the policies established by the Federal Reserve Board of Governors. The large number of banks, spread across the country is what helps make the Federal Reserve System a very decentralized central bank.

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A PEDestrian's GUIDE to the ECONOMY

Through undaunted determination, sheer luck, or a missed turnpike exit, you have happened upon A PEDestrian's GUIDE to the ECONOMY. You'll find hours of reading pleasure contained within this site, with more entertainment value per calorie than most office memos. A PEDestrian's GUIDE to the ECONOMY, however, is more than a recreational web site. As a handy reference source, it provides answers to many of the most asked, a few of the least asked, and some of the never asked questions about the economy.

Feel free to browse through assorted issues using the handy table of contents printed below.

Table of Contents

A Brief Introduction To Get You Started

The Seven Facts of Economic Life

Fact 1: Our Limited Pie
Fact 2: Our Subjective Values
Fact 3: Our Unfair Lives
Fact 4: Our Monopolized Markets
Fact 5: Our Necessary Evil
Fact 6: Our Unknown Economy
Fact 7: Our Circular World
A Whole Bunch of Issues

My Sales Pitch On ADVERTISING
Those Astronomical ATHLETE SALARIES
BUSINESS As Usual
Charging Up Your CREDIT CARDS (aka Plastic Money)
Stealing A Few Moments For CRIME
The Depths Of DEPRESSION
What Do You Have Against DISCRIMINATION?
The Crystal Ball Of ECONOMIC FORECASTING
Pumping Up The ECONOMIC GROWTH
A Random Walk Through Some ECONOMIC STATISTICS
Learning All About EDUCATION
Trading Some Ideas On EXCHANGE RATES
Getting Your Share Of FARM SUBSIDIES
Taming Our Beastly FEDERAL DEFICIT
Borrowing Through The FINANCIAL MARKETS
A Translation Of FOREIGN INVESTMENT
The Wide, Wide World Of FOREIGN TRADE
The Odds On GAMBLING
The Sick State Of HEALTH CARE
In The Neighborhood Of IMMIGRATION
Keeping The Lid On INFLATION
The Risky Business Of INSURANCE
Some Prime Stuff On INTEREST RATES
The Business About INVESTMENT
Gambling On A State LOTTERY
Packing Up For MIGRATION
A Tycoon Of The MUTUAL FUNDS
Conserving Our NATURAL RESOURCES
The Economics Of Dueling POLITICAL VIEWS
Scraping Up The POLLUTION
A Somewhat Defective Look At PRODUCT SAFETY
A Perfect Picture Of PROFIT
On The Lookout For A RECESSION
Laying The Groundrules On REGULATION
Shopping Around For RETAIL PRICES
Planning On SOCIAL SECURITY?
Fighting Business Cycles With STABILIZATION POLICIES
Playing The STOCK MARKET
Paying TAXES
Taking A Ride On TRANSPORTATION INFRASTRUCTURE
An Altogether Look at UNIONS
Creating WEALTH
Collecting WELFARE
A Careful View Of WORKER SAFETY
Getting The Most Out Of WORKING WOMEN
Current Headlines

APLS

State of the ECONOMY

Housing Starts
November 2015
1,173,000
Up 10.5% from Oct. 2015: U.S. Dept. of Com.

More Stats

ORANGE REBELOON
[What's This?]

Today, you are likely to spend a great deal of time touring the new suburban shopping complex wanting to buy either a genuine fake plastic Tiffany lamp or a microwave over that won't burn your popcorn. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?

Natural gas has no odor. The smell is added artificially so that leaks can be detected.
"always remember an epitaph which is in the cemetery at Tombstone, Arizona. It says: „Here lies Jack Williams. He done his damnedest.¾ I think that is the greatest epitaph a man can have ‚ When he gives everything that is in him to do the job he has before him. That is all you can ask of him and that is what I have tried to do. "

-- Harry Truman, 33rd US president

CSO
Central Statistical Office
A PEDestrian's Guide
Xtra Credit
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