Scot Wick Blog

New edit of HAT Manifesto Part 2 of 2 - Hypothesis and Novel Story Summary Go through and edit parts 1 and 2 three times a year and every time add and change much. Plan full post of the new Part 2 edit on Sunday June 7. Posting sections here in advance as go through making new edits, this way expect will concentrate and write better. As always, will be moving around among sections to make more edits, so it’s likely some of these advanced-posted sections will change before the full post. It’s All jest a brainstorming attempt at a concise science fiction novel. Also going down list of HAT soundtrack songs, 37 total. All by the Byrds and written by Byrds members unless otherwise indicated, names in parenthesis e.g. (Bob Dylan) means written by Bob Dylan. All songs on YouTube. … … 01/42-P1 Begin HAT Manifesto Part 2/2 Hypothesis and Novel Story Summary 1 of 42 sections - Post 1 of 11 Logical and spiritual, literal with liturgical. Current Old and church bells-broken mainstream religions mi...

  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 01 of 29 … Chapter 30 topics The Classical Theory Of Inflation The Level Of Prices And The Value Of Money Money Supply, Money Demand, And Monetary Equilibrium The Effects Of A Monetary Injection A Look At The Adjustment Process The Classical Dichotomy And Monetary Neutrality Velocity And The Quantity Equation Money And Prices During Four Hyperinflations The Inflation Tax The Fisher Effect The Inflation Fallacy Shoeleather Costs Menu Costs Relative-Price Variability And The Misallocation Of Resources Inflation-Induced Tax Distortions Confusion And Inconvenience Inflation Causing Arbitrary Redistributions Of Wealth … … price variability kakaku hendō 価格変動 … … ChatGPT summary of Chapter 30 - Money Growth and Inflation: Chapter 30 explains sustained inflation is primarily caused by the money supply growing faster than the econom...

  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 20 of 20 … A bank run occurs when depositors worry a bank may go bankrupt and run to the bank to withdraw their money as cash from the bank’s vault. Bank runs are an inherent problem for banks in a fractional-reserve banking system. Because a bank holds in reserve only a fraction of its deposits and loans out the rest it cannot satisfy withdrawal requests from all depositors at once. When a run occurs the bank is forced to close until · some bank loans are repaid · the Fed provides it with currency … During the Great Depression in the early 1930s there was a series of bank runs and bank closings. Households withdrew their deposits from banks, preferring to hold their money as currency at home. This reversed the process of money creation, money was destroyed rather than created. Banks told people with loans they had to repay...

  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 19 of 20 … As discussed in previous sections, the Fed has these three tools to control the money supply, open-market operations, reserve requirements, and the discount rate. However, the Fed's money supply control is not complete. The Fed faces two problems beyond its control. Each arises because the money supply is created by the fractional-reserve banking system. … #1 problem is the Fed does not control the amount of money households decide to keep as deposits in banks. The more money households deposit at banks · the more reserves (money held at banks to pay depositors’ demands for their money rather than loaned out) banks have · the more money the banking system can create by making loans Conversely, the less money households deposit at banks · the less reserves banks have · the less money the banking system can create ...

  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 18 of 20 … The Fed has three tools for changing the money supply -1- open-market operations -2- reserve requirements -3 - the discount rate … -3 - The Discount Rate The discount rate is the interest rate on loans the Fed makes to banks. A bank borrows from the Fed at the discount rate when its reserves are too low to meet its reserve requirements. This can happen because the bank · has made too many loans · has had unexpectedly large withdrawals When the Fed makes such a loan to a bank · the banking system now has more reserves · these additional reserves allow banks to make new loans, creating more money … By changing the discount rate the Fed can alter the money supply. A higher discount rate · reduces the amount of reserves banks have · which reduces bank loans and the money supply A lower discount rate · increases the ...

  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...