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  • Hello, I am Josef Stalin, here to help you understand the economy, and the diferent kind of economy
  • Now the difference between Fiscal and monetary is that fiscal  is on government spending and taxes, while monetary is focused on RRR, discount rates, and open markets
  • The government spending is leaving us with more money, and the new tax code helps earn us more money as well, making prices go up
  • The Texas economy is the second largest in the United states, and the 10th largest economy in the world
  • Even though we are expanding demand and growth has slowed, and employment has increased, and wide spread labor shortages continue to press wages
  • The federal government attempted to change the federal funds rate by increasing the fed fund rate which increased inflation
  • This change the fed is taking should improve the Texas economy in the current state at which it is in
  • Thank you for listening, this is Josef Stalin, and this was my TED Talk
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