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Thursday 806

  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 3 of 22 … Money is the set of assets in the economy people use to buy goods from each other. The cash you carry is money because you can directly use it to buy groceries at the market. If you own shares of Microsoft Corporation, this asset is not a form of money, you cannot buy any consumer product directly with shares of stock, it must be sold first. Money includes only the few types of wealth regularly accepted by sellers in exchange for goods. … Money has three functions in the economy -1- a medium of exchange -2- a unit of account -3 - a store of value These three functions differentiate money from other assets in the economy, such as stocks, bonds, and real estate. … -1- A Medium of Exchange A medium of exchange is something buyers give to sellers when they purchase goods. This transfer of money from buyer to seller al...
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Wednesday 805

  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 2 of 22 … When you eat at a restaurant, whether you pay by cash or check, the restaurant owner is happy to receive these pieces of paper. Paper money has no value in itself such as a silver coin. But the restaurateur is confident some third person in turn will accept it in exchange for something the restaurateur values. That third person is also confident some fourth person and so on will accept the paper money. … The use of money for transactions is extremely useful in a large, complex society. If there was nothing in the economy widely accepted in exchange for goods people would have to rely on barter, which is exchanging one good for another, to obtain things they need. An economy that relied on barter would have trouble allocating scarce resources efficiently. In a barter economy trade requires the double coincidence of...
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Tuesday 804

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 1 of 22 … Chapter 29 topics: The meaning of money The functions of money The kinds of money Money in the U.S. economy Credit Cards and Debit Cards The Federal Reserve system The Fed's organization The Federal Open Market Committee Banks and the money supply The simple case of 100% reserve banking Money creation with fractional reserve banking The money multiplier The Fed's tools of monetary control Problems in controlling the money supply Bank runs and the money supply The Federal Funds Rate Pros and Cons of a Return to the Gold Standard ... … credit cards and debit cards kurejittokādo to debittokādo クレジットカードとデビットカード … … ChatGPT chapter 29 summary: Introduction Chapter 29 explains the nature of money, how banks create money, and how the Federal Reserve influences the money supply. Money makes exchange easier than barter a...
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Monday 803

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  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 28 of 36 Unemployment Section 21 of 21 … Chapter conclusion Here we have reviewed the measurement of unemployment and reasons economies always experience some unemployment . We have noted how job search, minimum-wage laws, unions, and efficiency wages help explain why some workers are always unemployed. Economists differ in which of these causes of unemployment they consider most important. … This chapter offers an important lesson: Although the economy will always have some unemployment, its natural rate changes over time. Many events and policies can alter the unemployment amount in the economy. The natural rate of unemployment changes as · the internet speeds up the job search process · Congress and states increase the minimum wage · workers join or quit unions · firms change their use of efficiency wages The way we organize society is the main factor drivin...
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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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