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Federal Reserve

… through their elected representatives in Congress.’ Over time, however, Congress has delegated that responsibility … through their elected representatives in Congress.’ Over time, however, Congress has delegated that responsibility … - page 731

… the impossibility of fine-tuning the money supply in real time, as well as to the moral hazard inherent in a political … the impossibility of fine-tuning the money supply in real time, as well as to the moral hazard inherent in a political … - page 731

… spending. Fiscal policy can be more effective if it is timely, targeted, and temporary.® An example from the … spending. Fiscal policy can be more effective if it is timely, targeted, and temporary.® An example from the … - page 733

… bailout. Such a reform should be given plenty of lead time so that banks can self-correct lending practices … bailout. Such a reform should be given plenty of lead time so that banks can self-correct lending practices … - page 733

… for inflation are now 5.8 percent above the prior all-time record levels of 2006.” The home-price-to-median-income … for inflation are now 5.8 percent above the prior all-time record levels of 2006.” The home-price-to-median-income … - page 734

… is for the dollar’s purchasing power to rise gently over time, reflecting gains in economic productivity. This … is for the dollar’s purchasing power to rise gently over time, reflecting gains in economic productivity. This … - page 736

… currency would disappear from circulation. There were times, for instance, when this mechanism put the US. on ade … currency would disappear from circulation. There were times, for instance, when this mechanism put the US. on ade … - page 737

… destabilization and supply-side destabilization in real time. There also are political considerations: Fed officials … … destabilization and supply-side destabilization in real time. There also are political considerations: Fed officials … - page 740

… January 24, 2023). See also Oliver Blanchard, “It Is Time to Revisit the 2% nflation Target,” Financial Times, November 28, 2022, https://www.f cacl20d25588 … January 24, 2023). See also Oliver Blanchard, “It Is Time to Revisit the 2% nflation Target,” Financial Times, … - page 742

Small Business Administration

… evolved - 10793 The SBA’s founding mission has evolved over time as programs have been expanded or implemented, subject … number 744 … The SBA’s founding mission has evolved over time as programs have been expanded or implemented, subject … - page 744

… saving small businesses during such a crisis. At the same time, however, various SBA programs have generated waste, … saving small businesses during such a crisis. At the same time, however, various SBA programs have generated waste, … - page 746

… and staff who report regularly to Congress, respond on a timely basis to requests from individual Members of … and staff who report regularly to Congress, respond on a timely basis to requests from individual Members of … - page 750

… and ongoing OIG and GAO recommendations within a specified time frame (ideally within 90 days of a recommendation) and … and ongoing OIG and GAO recommendations within a specified time frame (ideally within 90 days of a recommendation) and … - page 751

… also are sources of self-sufficiency and resilience at a time when global supply chains are increasingly uncertain. … also are sources of self-sufficiency and resilience at a time when global supply chains are increasingly uncertain. … … - page 756

… taxpayer resources in basic science and research. Over time, that research results in some breakthrough technologies, but when it is time to put these breakthroughs into practice by … taxpayer resources in basic science and research. Over time, that research results in some breakthrough … - page 756

… At the same time, the SBA - 10901 At the same time, the SBA is an outlier among competing economies in not … Small Business Administration Page number 757 … At the same time, the SBA is an outlier among competing economies in not … - page 757

… regulations. It also would waive fines for certain first-time paperwork violations. Chapter Small Business … regulations. It also would waive fines for certain first-time paperwork violations. … • The Small Business Regulatory … - page 758

… that haphazardly overextend the SBA’s responsibilities at a time when they are devastated by fraud and underperforming … that haphazardly overextend the SBA’s responsibilities at a time when they are devastated by fraud and underperforming … - page 759

… $994-Billion ‘Hard-Choices’ 1987 Budget,” Los Angeles Times, Chapter Small Business Administration Page number 760 … $994-Billion ‘Hard-Choices’ 1987 Budget,” Los Angeles Times, … istration, Office of Advocacy, “Advocacy Releases - … - page 760

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