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Friday 1009

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 Money Growth and Inflation Section 9 of 29 … When the Federal Reserve (Fed) doubles the money supply · the price level doubles · dollar prices double But the real variables production, employment, real wages, and real interest rates, do not change . The non-connection of monetary changes to real variables is called monetary neutrality. … Money, the unit of account, is the ruler used to measure economic transactions. When the Fed doubles the money supply · all prices double · the value of money falls by half A similar change would occur if the government were to reduce the length of the yard from 36 to 18 inches. With the new shorter yard, all measured distances (nominal variables) would double. But the actual distances (real variables) would remain unchanged. … The dollar, like the yard is just a unit of measurement, so shouldn’t a change in its value...
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Wednesday 261007

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 Money Growth and Inflation Section 8 of 29 … In Figure 2, after an increase of quantity of money by the Fed, how does the economy move from the old equilibrium A to the new equilibrium B? The immediate effect of an increase of quantity of money is creation of an excess of money supply. Before the injection of additional money the economy was in equilibrium at point A. After the injection of additional money the economy is in equilibrium at point B. … At the original price level of 2, people had exactly as many dollars in their pockets as they wanted. The new increased quantity of money increases demand for goods (and services). However, the economy's capacity to supply goods has not changed. The economy's output of goods is determined by the available human capital, physical capital, natural resources, and technological knowledge. None of these ha...
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Tuesday 261006

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 Money Growth and Inflation Section 7 of 29 … Figure 2 – An Increase in the Money Supply When the Fed increases the supply of money, the money supply curve shifts right from MS1 to MS2 · the value of money, on the left axis and the price level, on the right axis · adjust to bring supply and demand back into balance · the equilibrium moves from point A to point B When an increase in the money supply makes dollars more plentiful · the value of each dollar decreases · the price level increases Lower value of the dollar increases the price of goods and services = inflation. … At first the economy is at equilibrium, Figure 2 point A. Then, the Fed doubles the money supply by buying government bonds from the public, mainly from banks. Per Figure 2 · the money supply curve moves to the right from MS1 to MS2 · the equilibrium moves from point A to point B As ...
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Monday 261005

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 Money Growth and Inflation Section 6 of 29 … Figure 1 - How the Supply and Demand for Money Determine the Equilibrium Price Level The horizontal axis shows the quantity of money. The left vertical axis shows the value of money. The right vertical axis shows the price level. High money value = low price level. Low money value = high price level. The supply curve for money is vertical because the quantity of money supplied is fixed by the Fed. The demand curve for money is downward sloping because people want to hold a larger quantity of money when each dollar buys less. At the equilibrium, point A · the value of money, left vertical axis · and the price level, right vertical axis · have adjusted to bring into balance · the quantity of money supplied and the quantity of money demanded … What ensures the quantity of money the Fed supplies and the quantit...
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Scot and Fumiko pictures and information

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  Fumiko Scot's information: Weight at 166 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 168. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, able eat good food and get enough exercise. Now spend most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back to Staine...
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HAT Manifesto Part 1 of 2 Rubric Cube Veracity and or Efficacy - 260802 edit

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  “The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...
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