Kiera Ziegler Chapter 10 Question 6

It unnerving to me that economists don't agree on how the Federal Reserve should manage the money supply or why it affects our economy as much as it does. I always had the perspective that there's has to be a solution or an easy way to regulate money and it's effects on the economy; however, that's not the case. Wheelan say, "getting it wrong can have disastrous comsequences," (220). If the federal reserve makes a mistake can affect the world as Robert Mundell argued. He claimed that if the price of gold had been raised in the 1920's and 30's and pursued price stability there would have been no Great Depression, no Nazi revolution, and no World War II. As in many other things in economics hind sight is often 20/20, to me this is the scariest thing about economics often times it's hard to know where you are or what's going wrong in the moment or to know the effect of something on the future economy.