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...even greater scale, this amendment violates one of the basic foundational principles of our central banking system: Our economy hinges on the trust that we place in the Federal Reserve to look out for the best interests of the economy at large, independent of any political influence whatsoever. Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation...
...debate continues, many Democrats and Republicans are trying to outdo each other to see who can seem “toughest” on reform, but in the process, they are failing to understand which regulations really need to be in place for the economy to function well. Derivatives trading will occur throughout the future, whether in a bank or a distant unregulated entity, and it is best if it occurs in major banks under the watchful eyes of regulators. There will be future crises with politically unpopular but necessary monetary solutions, and an independent Federal Reserve will need...
...financial security of those on the list suggests otherwise. But if it is the case that these students are a financial asset to the College, than they are as equally qualified as athletes, actors, and the myriad other students with talents who are recruited to make Harvard a better place. Indeed, the student Z-listed to please a long line of donors and College supporters may be responsible for the financial aid that allows 70 percent of his or her classmates to attend...
Although Harvard is an astonishing place on multiple levels, the College cannot be asked to perform economic miracles. The substantial money Harvard spends on progressive initiatives has to originate somewhere. Harvard thrives financially because it has a wealthy network of benefactors and supporters who believe in its cause. Those who donate generously to this mission are friends of the institution and must be treated as such if we expect to continue leading the academic world. Sometimes this source of funding does not appear as noble or progressive to us as the places where the funds ultimately end. But we must...
Such interdisciplinary endeavors are typical of The Lab’s events and exhibitions. The Lab is a platform for experimentation—a place to share and develop ideas, it encourages creativity among students and the community at large, holding interdisciplinary exploration and collaboration at the heart of its philosophies, says W. Hugo Van Vuuren ’07, a fellow at the School of Engineering and Applied Sciences...