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Removing the Punch Bowl: Inflation and the Federal Reserve's Use of Contractionary Monetary Policy, Lesson for Grades 10-12
This lesson focuses on contractionary monetary policy by analyzing a 1955 primary source document of a speech Federal Reserve Chair William McChesney Martin Jr. gave. In his speech, Martin made the famous analogy that in times of economic expansion the Fed should “remove the punch bowl� before the party gets out of hand. Students will develop critical thinking skills through this primary document analysis and develop data literacy skills...
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This work is licensed under a Attribution-NonCommercial-NoDerivatives 4.0 International
