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I was explaing the ABCT using Garrison's argument and I got this response: [QUOTE] Your model is not completely. First I'll assume that your increase in savings in due to economic growth (a change in MPS would irrelevant in the short run due to the Paradox of Thrift). This effects money demand...
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In the midst of our economic slowdown, the U.S. Treasury Dept has issued what they are calling the "Blueprint for Financial Regulatory Reform". The highlights, as given by an article on Yahoo!'s website , are as follows: --designate the Fed as the primary regulator for market stability...