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Thursday 261015

  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 13 of 29 … Why do national governments choose to issue so much money certain to create hyperinflation? The answer is governments use money creation as a way to pay for their spending. When a government wants to build roads, pay salaries to its soldiers, give transfer payments to the poor or elderly it has to have the necessary funds to pay for these. … Government raises funds by · increasing taxes, such as income and sales taxes · borrow by selling government bonds to the public · creating money Creating money can be considered an inflation tax. The inflation tax is not like other taxes, because no one directly pays a tax bill. When the government creates money the price level rises and the dollars you have become less valuable. … During the 1770s the Continental Congress of the young United States greatly relied on ...
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Wednesday 261014

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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 12 of 29 … Figure 4 - The quantity of money and the price level during four hyperinflations In each case, the quantity of money and the price level move closely together. The strong association between these two variables is consistent with the quantity theory of money which states growth in the money supply is the primary cause of inflation. … Occurrences of hyperinflation offer data we can use to study the effects of money on the economy. With hyperinflation there are huge changes in the money supply and price level. Hyperinflation is defined as inflation exceeding 50% per month. This results in the price level increasing more than a hundred times over a year. Data on hyperinflation show a direct link between the quantity of money and the price level. … Figure 4 graphs data from four hyperinflations that occurred i...
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Tuesday 261013

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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 11 of 29 … In Table A: Y = production quantity, in this example how many pizzas are produced and consumed per time period, 100 P = price level, in this example the price of pizza, $10 M = money supply, quantity of money in the economy, in this example starts with $50 V = velocity of money, how many times in a year each dollar is spent (circulated), in this example starts with 20 … The quantity equation shows an increase in the M quantity of money from $50 to $60 must be reflected in one of the other three variables Line 2 - the V velocity of money must fall Line 3 - the P price level must rise Line 4 - the Y quantity of output must rise Note real GDP only increases when production quantity increases. Line 3, price increase, is the real-life result. … These are the essence of the quantity theory of money: · the V velo...
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Monday 261012

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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 10 of 29 … Figure 3 - Nominal GDP, the Quantity of Money, and the Velocity of Money This figure shows · the nominal value of output as measured by nominal GDP · the quantity of money as measured by M2 (see Figure 1) · the velocity of money as measured by their ratio Velocity of money is how many times in a year each dollar is spent. For comparability, all three series have been scaled to equal 100 in 1960. Over this period · nominal GDP and the quantity of money have grown dramatically, by more than twenty times · velocity has been relatively stable … In the following and next section: Y = production quantity, in this example how many pizzas are produced and consumed, 100 P = price level, here the price of pizza, $10 M = money supply, quantity of money in the economy, here $50 V = velocity of money, how many times in...
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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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