Free Essays on Uncle Sam And Aunt Samantha

In the article â€Å"Uncle Sam and Aunt Samantha† Anna Quindlen argues that women should be drafted in to the military in a national crisis. Mrs. Quindlen states, â€Å"One out of every five recruits in the United States Military is female.† Women have been honored as well as killed in combat situations and the numbers grow and the military is still successful. A poll done ten years ago shows that half of America supports women registering for the draft. Many men do not want to go to war but in a free and equal country all should be involved with a war effort, even women. Many women are entering the military under their own freewill but the Selective Service only requires men from the ages of eighteen through twenty-five to register for the draft. Mrs. Quindlen is correct in saying that women as well as men should be required to register for the draft. Mrs. Quindlen is valid when she says, â€Å"Women have managed to serve in military positions without destroying unit cohesion or failing because of upper-body strength.† Women have served in combat situations like the Balkans and the Middle East. Women have been able to out-rank men and fly fighter jets to take out Afghanistan targets without male soldiers becoming jealous or lustful. Women are capable of the same tasks as their male counter parts. It seems that men of no objection to having superior women officers and there should be no question whether or not women can do the job. It is letting women take the chance to fight for the country in a time of crisis just like men. Mrs. Quindlen is valid in stating that it makes a â€Å"mockery† of the nation to only let men register and not women. It is degrading of women to say that because they are women that they are not required registering for the draft to help in a crisis. A poll done about ten years ago showed that over half of the American population supported drafting women. Should America only lose its sons in battle? No, an... Free Essays on Uncle Sam And Aunt Samantha Free Essays on Uncle Sam And Aunt Samantha In the article â€Å"Uncle Sam and Aunt Samantha† Anna Quindlen argues that women should be drafted in to the military in a national crisis. Mrs. Quindlen states, â€Å"One out of every five recruits in the United States Military is female.† Women have been honored as well as killed in combat situations and the numbers grow and the military is still successful. A poll done ten years ago shows that half of America supports women registering for the draft. Many men do not want to go to war but in a free and equal country all should be involved with a war effort, even women. Many women are entering the military under their own freewill but the Selective Service only requires men from the ages of eighteen through twenty-five to register for the draft. Mrs. Quindlen is correct in saying that women as well as men should be required to register for the draft. Mrs. Quindlen is valid when she says, â€Å"Women have managed to serve in military positions without destroying unit cohesion or failing because of upper-body strength.† Women have served in combat situations like the Balkans and the Middle East. Women have been able to out-rank men and fly fighter jets to take out Afghanistan targets without male soldiers becoming jealous or lustful. Women are capable of the same tasks as their male counter parts. It seems that men of no objection to having superior women officers and there should be no question whether or not women can do the job. It is letting women take the chance to fight for the country in a time of crisis just like men. Mrs. Quindlen is valid in stating that it makes a â€Å"mockery† of the nation to only let men register and not women. It is degrading of women to say that because they are women that they are not required registering for the draft to help in a crisis. A poll done about ten years ago showed that over half of the American population supported drafting women. Should America only lose its sons in battle? No, an...

Expansionary vs. Contractionary Monetary Policy

Expansionary vs. Contractionary Monetary Policy Students first learning economics often have trouble understanding what contractionary monetary policy and expansionary monetary policy are and why they have the effects they do. Generally speaking contractionary monetary policies and expansionary monetary policies involve changing the level of the money supply in a country. Expansionary monetary policy is simply a policy which expands (increases) the supply of money, whereas contractionary monetary policy contracts (decreases) the supply of a countrys currency. Expansionary Monetary Policy In the United States, when the Federal Open Market Committee wishes to increase the money supply, it can do a combination of three things: Purchase securities on the open market, known as Open Market OperationsLower the Federal Discount RateLower Reserve Requirements These all directly impact the interest rate. When the Fed buys securities on the open market, it causes the price of those securities to rise. In my article on the Dividend Tax Cut, we saw that bond prices and interest rates are inversely related. The Federal Discount Rate is an interest rate, so lowering it is essentially lowering interest rates. If the Fed instead decides to lower reserve requirements, this will cause banks to have an increase in the amount of money they can invest. This causes the price of investments such as bonds to rise, so interest rates must fall. No matter what tool the Fed uses to expand the money supply interest rates will decline and bond prices will rise. Increases in American bond prices will have an effect on the exchange market. Rising American bond prices will cause investors to sell those bonds in exchange for other bonds, such as Canadian ones. So an investor will sell his American bond, exchange his American dollars for Canadian dollars, and buy a Canadian bond. This causes the supply of American dollars on foreign exchange markets to increase and the supply of Canadian dollars on foreign exchange markets to decrease. As shown in my Beginners Guide to Exchange Rates this causes the U.S. Dollar to become less valuable relative to the Canadian Dollar. The lower exchange rate makes American produced goods cheaper in Canada and Canadian produced goods more expensive in America, so exports will increase and imports will decrease causing the balance of trade to increase. When interest rates are lower, the cost of financing capital projects is less. So all else being equal, lower interest rates lead to higher rates of investment. What We've Learned About Expansionary Monetary Policy: Expansionary monetary policy causes an increase in bond prices and a reduction in interest rates.Lower interest rates lead to higher levels of capital investment.The lower interest rates make domestic bonds less attractive, so the demand for domestic bonds falls and the demand for foreign bonds rises.The demand for domestic currency falls and the demand for foreign currency rises, causing a decrease in the exchange rate. (The value of the domestic currency is now lower relative to foreign currencies)A lower exchange rate causes exports to increase, imports to decrease and the balance of trade to increase. Be Sure to Continue to Page 2 Contractionary Monetary Policy Federal Open Market Committee Sell securities on the open market, known as Open Market OperationsRaise the Federal Discount RateRaise Reserve Requirements    What We've Learned About Contractionary Monetary Policy: Contractionary monetary policy causes a decrease in bond prices and an increase in interest rates.Higher interest rates lead to lower levels of capital investment.The higher interest rates make domestic bonds more attractive, so the demand for domestic bonds rises and the demand for foreign bonds falls.The demand for domestic currency rises and the demand for foreign currency falls, causing an increase in the exchange rate. (The value of the domestic currency is now higher relative to foreign currencies)A higher exchange rate causes exports to decrease, imports to increase and the balance of trade to decrease. If youd like to ask a question about contractionary monetary policy, expansionary monetary policy or any other topic or comment on this story, please use the feedback form.