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I've long been convinced that the real threat Iraq and Iran pose is to the hegemony of the dollar. See: http://en.wikipedia.org/wiki/Iranian_Oil_Bourse Now read this, but skip all the 'whereas'es and read what it specifically calls for: http://www.govtrack.us/congress/billtext.xpd?bill=hc110...
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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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Someone slapped me this article when I was trying to explain him that inflation is caused by Money Supply. Now this author is a research fellow in Cato institute and quite recognized in India. Just wanted to know the response of you guys. Do you really think that Inflation being solely caused by money...
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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...
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The textbook for my Principles of Macroeconomics class, Macroeconomics , 2nd ed. by R. Glenn Hubbard and Anthony Patrick O'Brien, has a section entitled "Money without a Government? The Strange Case of the Iraqi Dinar" (Chapter 13, p. 435 for anyone who is interested) in which the authors...
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This is a new intiative by the FED: "These arrangements will now provide dollars in amounts of up to $30 billion and $6 billion to the ECB and the SNB respectively," the Fed said, extending the term of these swap lines through Sept. 30. Can someone elaborate on this for me? Will this make a...
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Good question. The New York Fed does not lend money to major securities dealers; it buys securities and pays for them with a check. These securities do not always have to be Treasuries. Last year, the Fed bought mortgage-backed securities. If the number of securities remained constant, there would indeed...
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> Without government intervention into the economy, can wages rise naturally? < Wages rise naturally after the floor is above subsistence. Disposable income is the key that allows labor to get specialized. As long as the vast majority of consumers have zero disposable income, there can be no healthy...
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> I don't know if this opposes what Allan was saying < Nathan is under the impression that economic growth can occur without any inflation. Why I started on velocity was to point out that increased economic activity will feed inflation regardless the grip on the quantity supply; this on top...
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Xevec, Whoever it is that you are speaking to here is feeling personally attacked and insulted, which does not lead to a positive environment of mutual pursuit of truth. The author seems to be striving to find points upon which to disagree with you, which is typical of defense. The truth is, I think...