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Question: Employee theft is a major problem in the U.S. retail industry. Information obtained from SecurityInfoWatch reported that twenty-three (23) major retailers alone apprehended over 1.1 million shoplifters and dishonest employees, and recovered more than $189 million from these thieves in 2012. Watch J. Farrell's video below titled "Prevent Employee Theft in Your Business," and provide at least two (2) examples of internal controls that could be implemented to reduce theft in the U.S. retail industry.
Video: Prevent Employee Theft in Your Business (By Jim Farrell)
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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