ABSTRACT
There is perhaps no area of economic policy that is more important in people’s daily lives than monetary policy and the regulation of financial markets. Policies pursued by government regulatory agencies will largely determine the availability of mortgages for new home buyers, the availability of loans for people wanting to start a new business, and even the availability of jobs in the economy. Despite its importance to the public, however, the news media pay scant attention to monetary and financial policy, and most people remain largely ignorant of important decisions that will affect their lives.
