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Thursday 917

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 The Monetary System Section 17 of 20 … The Fed has three tools for changing the money supply -1- open-market operations -2- reserve requirements -3 - the discount rate … -2- Reserve Requirements The Fed can increase and decrease the money supply by changing bank reserve requirements. These are regulations on the minimum reserves amount banks must hold as a percentage of deposits. Reserve requirements influence how much money banks can create with each dollar of reserves. … For example · if the Fed reserve requirement is 10% · if people have deposited a total of $100 in a bank · the bank must keep $10 in reserves · and can loan out $90 · thereby increasing the money supply by $90 … An increase in reserve requirements means · banks must hold more reserves · banks can loan out less of each dollar deposited at them As a result, it · lowers the money multi...
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Wednesday 916

Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 10 Money and Prices in the Long Run Chapter 29 of 36 The Monetary System Section 16 of 20 … The Federal Reserve (Fed) controls the economy’s money supply. The Fed's control is indirect because banks create money not the Fed. So, when the Fed decides to change the money supply, it must consider how its actions will affect the banking system. The Fed has three tools for changing the money supply -1- open-market operations -2- reserve requirements -3- the discount rate … -1- Open-Market Operations The Fed conducts open-market operations when it buys and sells government bonds that the Treasury has previously sold to the public. A- To increase the money supply, the Fed instructs the bond traders at the New York Fed bank to buy government bonds from the public. The new dollars created from air by the Fed to pay for the bonds increase the number of dollars in the economy. The new dollars received by those in th...
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Tuesday 915

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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 The Monetary System Section 15 of 20 … The process of money creation by banks can continue forever, but not an infinite amount. If there is an initial deposit at a bank of $100 with a bank reserve requirement of 10%, ultimately an additional $900 of money can be created. … The amount of money the banking system generates with each dollar of reserves is called the money multiplier. Per Figure B example, with a 0.10 reserve ratio · the money multiplier is 1/.1 = 10 · $100 of reserves (initial deposit) eventually can create $900 more money created = $1000 total The money multiplier is the reciprocal of the reserve ratio. In the example · reserve requirement is 0.1 so the money multiplier is 1/.1 = 10 · $100/.1 = $100 x 10 = $1000 total money end result, original $100 deposit + $900 created money. … This formula illustrates how the amount of money banks...
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Monday 914

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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 The Monetary System Section 14 of 20 ... The creation of money continues after First National Bank has made the first loan. Per Figure T2 · initial deposit of $100 has been made at First National Bank · First National keeps $10 as reserves in its vault · then it loans out $90 Suppose borrower A who got the $90 loan from First National · uses the $90 to purchase something from someone · who in turn deposits the currency in a different Second National Bank Per Figure T3 · Second National also has a reserve ratio of 10% · it keeps currency assets of $9 in reserve · and makes a $81 loan to a borrower B Second National Bank thereby has created an additional $81 of money. Per Figure T4 · this $81 is next deposited by borrower B in Third National Bank · which also has a reserve ratio of 10% · this bank keeps $8.10 currency in reserve in its vault · and makes...
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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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