Question

If you were given the choice of the unlimited power to buy or sell bonds, or the power to set fed policy as a means of affecting the economy, which would you choose, and why (assume you would have the identical personal benefit or gain from either role).

Answer 1

I would choose the power to set up the fed policy of affecting the economy rather than to take the choice of buying or selling bonds in an unlimited Manner because of the fact that the economic decisions taken by me might be enhanced in such a way that I can buy or sell bonds in an unlimited fashion if I set an economic policy according to that but if I have the power to buy or sell bonds unlimited and the economic policy is against me then there is no use of that power in Play. Therefore I would choose the latter than the former.