Scot Wick Blog

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 26 of 36 Saving, Investment, and the Financial System Section 19 of 25 … Three government policies that affect the economy's saving and investment: Policy 1: saving incentives Policy 2: investment incentives Policy 3: government budget deficits and surpluses … Policy 1: saving incentives Americans save a smaller percent of their incomes than people in many other countries, such as Japan and Germany. Many U.S. policymakers consider the low level of U.S. saving to be a problem. … Restated from Chapter 1, the Ten Principles of Economics: 1: people face trade-offs 2: the cost of something is what you give up to get it 3: rational people think at the margin 4: people respond to incentives 5: trade can make everyone better off 6: markets are usually a good way to organize economic activity 7: governments can sometimes improve market outcomes 8: a country's standa...

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 26 of 36 Saving, Investment, and the Financial System Section 18 of 25 … In Figure 1, market for loanable funds · the equilibrium interest rate is 5 percent · the quantity of loanable funds demanded = quantity of loanable funds supplied = $1,200 billion .... Saving represents supply of loanable funds. Investment represents demand for loanable funds. The market coordinates saving and investment with the price, which is the interest rate. In the market for loanable funds when the interest rate adjusts to balance supply and demand, it coordinates · behavior of people who want to save - the suppliers of loanable funds · behavior of people who want to invest - the demanders of loanable funds … We can use the Figure 1 model of the market for loanable funds to examine how change of government policies affect saving and investment in the economy. To analyze changes of ...

  Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 9 The Real Economy in the Long Run Chapter 26 of 36 Saving, Investment, and the Financial System Section 17 of 25 … In Figure 1, market for loanable funds · the equilibrium interest rate is 5 percent · the quantity of loanable funds demanded = quantity of loanable funds supplied = $1,200 billion … If the interest rate became lower than equilibrium level, e.g. 4%, quantity of loanable funds supplied would be less than quantity of loanable funds demanded. The resulting loanable funds shortage would force a higher interest rate. The new higher interest rate, back at the equilibrium rate of 5%, would · encourage saving, increasing quantity of loanable funds supplied · discourage borrowing, decreasing quantity of loanable funds demanded … Conversely, if the interest rate became higher than the equilibrium level, e.g. 6%, quantity of loanable funds supplied would be more than the quantity of loanable funds de...

  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...

  “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...