Source: SOUTHERN FARM NETWORK, 9/30/19


I’m Mary Walden, with economist MW, welcoming you to the economic perspective.  Today’s program looks at controlling the punch bowl.  Mike, when you and I were teenagers, punch bowls at parties were often controlled by adults.  The adults’ job was to make sure there wasn’t too much “punch” in the drinks.  Sometimes if the party got too wild, the adults would remove the punch bowl.  Some say the Federal Reserve controls the punch bowl for the economy.  Please explain this.  I can’t wait!

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