Customers are the people who the bureaucracy serve and Congress. Agencies directed by law to foster and promote the interests of the groups who they serve. Agencies are sometimes captured by interest groups and serve those interest groups rather than the general population. Controls the value of money by regulating how much money is in circulation. They do this by setting the interest rates.
Interest rates determine the value of money.
High interest rates will decrease the value of money which will slow down economic activity. Information contained on this page does not represent the lecuture verbatim. These notes are not a substitute for class attendance.