September 19, 2007
Your correspondent's luck held fast, as I managed to score 59/60 for a percentage of 98.33% accuracy. I missed question 58 dealing with the effects of a purchase of bonds by the Federal Reserve. I said it was a decrease in the supply of money, on the notion that if the Federal Reserve is spending money to buy bonds---which I interpreted to be Treasury bonds---then they would have less money to introduce into the stream of commerce, et cetera. By the ISI's mark, this is wrong, but I don't care. I'm not an economist, hated my economics classes in college, and consider a career in economics only slightly more promising than taking command of Army Group Vistula in April of 1945.
I think I got lucky on several questions due to the fact that I probably share a broad philosophical and political viewpoint with the ISI. Some of the questions, especially on trade and theories of government, depend upon your viewpoints. If you're a fan of an interventionist central government, then you're going to miss several of these.
Nyah nyah, Goldberg.
Posted by: Country Pundit at
12:20 PM
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