Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Blood and Treasure by Kris James Mitchener and Joseph Mason - Article Example

Comments (0) Cite this document
This paper outlines that economists Kris James Mitchener and Joseph Mason attempt to conceptualize an “exit strategy” for policymakers in order to ensure long-term growth once an economic recovery is complete. The authors’ account of this historical economic problem is instructive…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
Blood and Treasure by Kris James Mitchener and Joseph Mason
Read TextPreview

Extract of sample "Blood and Treasure by Kris James Mitchener and Joseph Mason"

Download file to see previous pages History demonstrates, after all, that the post-Great Depression government and Federal Reserve were wholly unsuccessful, and mostly unable, to time their exit strategy appropriately.
The metaphor of blood and treasurer in Mitchener and Mason is an appropriate one in that it connects economics with society. The connection between the government and the economy has always been a controversial one, but at moments of crisis, it becomes apparent that the government feels responsible for aiding the economy by adopting economic policies. During the Great Depression, this took the form of minimizing inflation and lowering interest rates, which is very similar to the monetary policy in reaction to the current financial crisis. Both of these strategies intend to achieve an optimal point between too much and too little, where too little makes it appear that the government is ineffective at solving economic problems (i.e. lost treasure) and where too much leads to unemployment and losses in output (i.e. lost blood). In this article, the authors attempt to provide an account of not only providing emergency assistance for an economy from the perspective of policymakers but also providing a framework for transitioning away from the policies that could harm long-term recovery. Ultimately, this account is useful, but it is not useful in building predictions.
In their introduction, Mitchener and Mason introduce a concept more frequently heard in foreign policy than in economic studies: that of “exit strategy”. In this context, the term is meant to refer to the shift back to economic conditions like steady-state growth, which encompasses stability in inflation and government intervention in the economy. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Blood and Treasure by Kris James Mitchener and Joseph Mason Article”, n.d.)
Blood and Treasure by Kris James Mitchener and Joseph Mason Article. Retrieved from
(Blood and Treasure by Kris James Mitchener and Joseph Mason Article)
Blood and Treasure by Kris James Mitchener and Joseph Mason Article.
“Blood and Treasure by Kris James Mitchener and Joseph Mason Article”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Blood and Treasure by Kris James Mitchener and Joseph Mason

Sheila Mason & Craig Shepherd

...?Sheila Mason &Craig Shepherd Case Study Evaluate the situation in which Mason and Shepherd find themselves with respect to their existing employers. What legal and ethical issues do you see, and how would you advise them to proceed? What should Mason and Shepherd do to terminate their current employment? Mason and Shepherd are faced with some serious decisions regarding their employment. Situations regarding their employment are dependent on making ethical business decisions. Mason and Shepherd both signed agreements with their current employer that prevent them from being able to engage in similar business. The contract was signed and dated when Mason and Shepherd started at their companies. By signing the contract the two of them...
3 Pages(750 words)Case Study

Mason and Shepherd' difficulties

...?Answer Mason and Shepherd, who are in the final stage of starting a new joint venture, are actually in highly contentious position with regard to their present employment. Mason has been working for ATS for the last five years and has signed employment contract that strictly binds her and her work paradigm with the company. The clause 1, 2 and 4 of her contract exclusively forbid her to share any information that is related to the company, its associates and customers or is linked in anyway to its wider interests. The contract is also explicit in that during the employment period and within one year of leaving present employment, she cannot engage in any business or activity that is in direct or indirect competition to the existing area...
3 Pages(750 words)Case Study

Mason and craig

...?Answer Sheila Mason and Craig Shepherd have recently decided to become partners for a new company that would be working in the field of software development and would be starting with the development of translation engine. It would increase the portability of software on different operating systems of the computer. Shepherd is the brain behind the development of the tool which he had conceived and developed while working for Nova Software Company. He has been employed in the company for the last ten years as a Manager in the department of documentation and support. Nova provides wide range of software applications tool for end users, using UNIX operating system. He studied the pros and con of portability of the applications on different...
3 Pages(750 words)Assignment

Treasure Island Journal

...?Treasure Island Reading Journal April 14, This entry is over the first three chapters. Most of the setting during these chapters takes place atthe Admiral Benbow, which is owned by the main character, Jim Hawkins’ father. Squire Trelawney and Dr. Livesey convince Jim to tell his tale of Treasure Island. So it begins. Jim meets Billy Bones a ragged looking seaman who seems very secretive. Billy Bones doesn’t want other pirates from the ship he sailed on to find him and take his sea chest. The character Black Dog is also introduced. He is another pirate and locates Billy Bones and gets into a violent skirmish with him. Jim’s father passes away during these chapters as well. Another character, a blind man comes looking for Billy Bones. He...
3 Pages(750 words)Essay

A Personal Treasure

... A Personal Treasure Nothing has ever seemed so appealing to me as being a race car driver, this was after I grew up watching rallies owing to the fact that my father worked as a mechanical engineer at Shell GP and when they sponsored racing events my siblings and I got to attend. My enthusiasm grew fervently over the years and as such my father promised me a sports car if I graduated from high school with good grades; I would get to drive it with my friends to go watch a huge racing event that happened out of town every three months. This excited me and motivated me to do well in high school and fortunately I did, therefore, the weekend after my high school graduation, my father kept his promise and gave me a sports car to drive...
2 Pages(500 words)Essay

Blood Cholesterol/Blood Pressure

... Article Relationship between weight loss and blood pressure In a report that was issue by the world health organization, 2002. It was found that there is a growing prevalent of those with chronic diseases occasioned by obesity. In was also contained in the report that a close correlation do exist between the being obese and developing high blood pressure (Krueger, 2012). Unfortunately, there is no known cure for high blood pressure thought it can be prevented or controlled. It is therefore construable that with diminishing body weight, one significantly reduces the possibility of developing high blood pressure. The relationship of body weight and blood pressure are directly proportional. This statement should though be taken...
1 Pages(250 words)Assignment

A Rhetorical Analysis of James Ladsen and Joseph Epstein

... Section/# Hubris and Age: A Rhetorical Analysis of James Ladsen and Joseph Epstein The ancient Greek philosophers understood hubris as something of an affront to the gods. In terms of a simplistic definition, hubris can be defined as tempting to face; or otherwise thumbing one’s nose at that which is already predetermined. Whereas it is true that pre-determinism does not have an active place in the American subconscious, unless of course one speaks about Presbyterian circles, this ancient Greek term for insolence and arrogance to fate plays a powerful role with respect to the way in which current culture is defined and practiced. Essentially, the culture that exists within the United States, and to a large part around the globe...
4 Pages(1000 words)Essay


... Origins of blood types There are no less than 3 hypotheses regarding the emergence as well as transmutation of human blood types. Human blood types evolution is as old as human history. Worldwide distribution pattern of blood types is dependent on different environmental factors like climate, disease, humidity and altitude. In 1900, Karl Landsteiner made a discovery. According to him, some blood transfusions are successful while others are dangerous missions. Landsteiner also discovered particularly the ABO blood group by mixing some of his cells and mature serum in every one of their staff. He also proved that some people’s red blood cells agglutinated. Landsteiner also came up with 3 new ways of thinking and identified existence 3 kinds...
2 Pages(500 words)Assignment

Faith and Works - Comparison of James 2:14 and Romans 4

While the apostles James and Paul agree that Faith connotes belief in God and Works connotes good actions, James contends that faith and works are both essential for salvation, while Paul asserts that faith is the only requisite.

James is unequivocal in his declaration that “faith by itself if it has no works, is dead” (2:17). However, he does not discount the importance of faith. His contention is that both are essential and one, without the other, is futile. He is addressing Christians, who, we may assume, are already among the congregation of the faithful, by virtue of their professed belief “that God is one” (2:19). Therefore, James accepts that faith is a precondition for salvation but asser...
7 Pages(1750 words)Assignment

Herbal Supplements: Hype, Hoax, or Hidden Treasure

With the impact of mass marketing and the opportunity to reap huge profits, herbal medicine is naturally prone to over-selling. Consumers who have an ailment, or are in a critical state, may suspend all good judgment with only the hope that the treatment will be effective. Yet, hidden among the over-sold supplements are those that are outright frauds that capitalize on patients' fears and desperation. Coexisting with these are some of the best-kept secrets of the medical world. Whether the herbal treatment is hype, a hoax, or a hidden treasure the consumer needs to be reminded of the ancient Roman adage ‘Caveat emptor’ or ‘Let the buyer beware’.
The importance of keeping the effectiveness and dangers o...
6 Pages(1500 words)Assignment

How Genetics Influence Blood Pressure Medications

In the United States of America, about sixty-five million people suffer from hypertension, with about one-third of these individuals not having their condition under control. (1). This makes controlling high blood pressure a matter of significant concern for all those who are associated with the healthcare sector. The normal blood pressure of an individual is less than 120 millimeters of mercury systolic and 80 millimeters of mercury diastolic. An increase in the systolic reading to 139 millimeters of mercury and above or diastolic 90 milliliters of mercury and above is termed as high blood pressure or hypertension. Medications are one of the critical factors in trying to control high blood pressure. (2).

There are a la...
6 Pages(1500 words)Term Paper

The Lament for Icarus by Herbert James Draper

By taking all this information together, understanding the artist, the time period, the image and the myth, one can gain a sense of the cultural understanding of this figure as it grew out of the Greek and Roman heritage into the period in which a particular representation is made.

Herbert James Draper was born in 1863 in London. His early education was received at St. John’s Wood Art School until he was finally accepted into the Royal Academy Schools in 1884 (Morgan & Nahum, 2006). His first art exhibit was held at the Academy in 1887. By 1898, “Lament for Icarus,” the painting to be discussed here, was purchased by the most influential public fund for modern art in the country at that time, the C...
9 Pages(2250 words)Case Study

James Madison's 51st Federalist Paper

If this theory was seriously followed, it would suggest that the citizens must opt for the president, the legislators, as well as the judges. However, the framers identified certain realistic problems in making all the offices elective. Especially, the judicial branch would face problems because the typical person does not have knowledge about what qualifications judges ought to have. Judges must have great capability, but also not have any political pressures. While federal judges are selected for life, their philosophy will not be inclined via the president who appoints them or the senators whose permission the president will take.

All the arguments were generated due to his past life as he was in an aristocratic fami...
6 Pages(1500 words)Term Paper

Built to Last by James Collins

The first and most important reason underlying the success of any company is the “core ideology”. These companies, whom he refers to as the visionary companies have at their heart, a set of “core values and a sense of purpose” (P.39) It is these strong fundamentals, that inspire the workers to do more than just work and make money. It guides them through their as well as the company’s goals.
Secondly, the companies indoctrinate their core ideology and thirdly set about the task of identifying people who are in concord with these key ideologies and train them to take on key leadership positions. The last principle of their success is the policy of aligning the organization in view with its avowed...
12 Pages(3000 words)Book Report/Review

The Depictions of Growing Up from Alcott's Little Women and Stevenson's Treasure Island

This observation highlights the changing approach of authors to children’s literature towards the end of the nineteenth century in portraying childhood and growing up. For example, in Treasure Island, the novel’s protagonist Jim Hawkins relays the journey of pirates and hidden treasure and the narrative is rich with the action of childhood adventure, which is infused with adult themes such as morality, alcoholism, and murder (Jones, 2003).

Additionally, the central protagonist Jim symbolizes the universal childhood quest for adventure with serious issues impacting child development in growing up. This is exemplified by the characterization of Jim as a boy-man in taking the Hispaniola to get the buried treasu...
10 Pages(2500 words)Assignment

Supernatural Stories: Joseph Sheridan Le Fanu and Henry James

When it comes to expressing their respective vision and belief in supernatural, Fe Fanu’s In A Glass Darkly and Henry James’ The Turn of the Screw, are perhaps two most notable texts, where their narratives have attained artistic culmination.

Thesis Statement: Acceptance of interpretations from a psychological perspective has helped to introduce the idea that supernatural existence is not an entirely different phenomenon; rather the root of such presence exists within the subconscious or unconscious mind of human beings. Narrative perspective of Victorian writers, such as Sheridan Le Fanu and Henry James, has clearly established evidence in support of such observation on a stronger foundation.

8 Pages(2000 words)Case Study

Themes of Community, Family and Mental Illness in Truman Capotes In Cold Blood

... Themes of community, family and mental illness in Truman Capote’s “In Cold Blood” Truman Capote’s book In ColdBlood, categorized as a new genre of its kind in the literary field. According to Hollewell, Truman Capote has classified his piece as a non-fictional novel and a new invention in literature. The adequately thrilling book is an organized narration of cold murder in a middle class village of Holcomb in the state of Kansas in the United States of America. Capote’s book gives details of how Clutter’s quadruplet family succumbed to death from a cold bloody murder planned and executed by the two parolees, Dick Hickock and Perry Smith. The clutter is portrayed as a well to do family of six who started from a humble background...
8 Pages(2000 words)Book Report/Review

Starring Blood Diamonds

... Starring Blood Diamonds Introduction Blood Diamonds have been the cause of numerous wars and crimes committed against humanity. These diamonds continued to provide massive amounts of funds to civil wars and different militant groups until in 1993, a NGO, by the name of Global Witness published a report revealing the autocracies committed through the trade of diamonds. It was after this report that government, NGOs and even the diamond industry began to take notice of the situation and actively began to work against the trade of blood diamonds. However, the general public was still unaware of the impact of these diamonds. Media involvement in blood diamonds did not begin until 2000 when CNN released a documentary on this issue...
8 Pages(2000 words)Term Paper

Joseph Conrad's Heart of Darkness

... Heart of Darkness Introduction Joseph Conrad’s Heart of Darkness is in the year 1890 and is based on the story Marlow,an introspective sailor. Marlow is traveling up the Congo River in a quest to meet with Kurtz. Marlow recognizes Kurtz, who is an ivory trader as a man of high abilities and is enthusiastic to meet him. The main action takes place in the Congo where Marlow is a takes a job as the captain of a company’s riverboat. The company is Belgian and is meant to trade in ivory in the Congo. Throughout his work and travel in Africa, Marlow experiences the inefficiency and brutality of the company’s stations. The natives of the Congo are suffering a lot in the hands of the business having been forced to service the Europeans. Ill...
6 Pages(1500 words)Book Report/Review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Article on topic Blood and Treasure by Kris James Mitchener and Joseph Mason for FREE!

Contact Us