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Fixed Money Supply Full Gold Standards
This may be subjective. Probably, thinkers in the great empires in the past could have viewed their era as exceptional that needed new paradigms to run their countries. The mind seems to think that fractional reserve banking, with its ability to create (credit-based) capital, naturally suits... -
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Fixed Money Supply Full Gold Standards
The reason may be that people should not be entrusted with deciding what should or should not be money - that the right must be completely taken away from man (Yes, the logic here seems contradictory !). -
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Fixed Money Supply Full Gold Standards
I have thought of this before. It probably is current conventional wisdom and may even be "the economically correct answer". Somehow, somewhere, within my mind, there lurks some thoughts that what is conventionally accepted could still be wrong, but I don't know economics nor have I the answer... -
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Fixed Money Supply Full Gold Standards
A constant work force is assumed in order to illustrate the case with stable (constant) wage level. There may be errors in rigor with equations. -
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Fixed Money Supply Full Gold Standards
I have posted this elsewhere earlier, but this forum is still the most active with some very knowledgeable posters. Paradox of Money More money means a higher standard of living for an individual, for a partnership of 2, 3, 4, ... persons, for a family, for a business corporation, an... -
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Crisis Over-Obama to Cut Spending by $100B
Irony is relative to the people reading it. It also takes years to muster. clue(less) - "if it is all over the places..." -
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Going international!
It should be : In the best interest of mankind.... Remember we now have weapons of mass destructions of every kind... -
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Interesting: Krugman gets into fisticuffs...
Paul Krugman did make a huge breakthrough in econometrics if you carefully read "Revenge of the Glut". He reduced one variable from economics - Savings. Those not in the know may think one variable is no big deal - but it is tsunamic in econometrics. His singular ingenuity is he sees a new... -
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US Treasury bookeeping help ?
Hello, My first post. Need some help about US Treasury bookkeeping as I am thinking about how M1 changes. 1) Read somewhere that if Treasury needs funds, say to pay AIG 30bln, it needs to issue Treasury bills and auction them off for cash. Why this roundabout? If approved by...