Day 56

...consisted of reviewing everything thus far covered concerning the Federal Reserve policy and origins. The majority of the students seem to have a good handle on the basic principles behind why the Fed does what it does.

We discussed a slide show of political cartoons regarding QE2, then watched another 10 minute documentary concerning the Federal Reserve and money creation. Hopefully the students get sick of learning about the Fed to the point where they can regurgitate everything about it in a logical manner.

Students should be preparing for a formal assessment covering the Federal Reserve. This will be one of the few assessments where students are not allowed to use notes, as I believe the principles should be understood rather than memorized. Principles are easier to understand than facts.