Monetary Policy

A long, long time ago in a galaxy far, far away

Which country is this?

• Life expectancy at birth is under 50 years, and 1 out of every 10 infants die before reaching a first birthday.

• More than 90 per cent of households have no electricity, refrigerator, telephone, or car.

• Fewer than 10 percent of young adults have graduated from high school.

• Is it Kenya, or Bangladesh, or perhaps North Korea?

• Non of them.

• In fact, the the country is the United States, not today but at the end of the nineteenth century.