mickanomics.blogspot.com
Mickanomics: March 2014
http://mickanomics.blogspot.com/2014_03_01_archive.html
A collection of my thoughts on economics. Friday, 14 March 2014. Fractional Reserve Banking on Wikipedia. The fractional reserve banking page on Wikipedia has long been a source of edit-warring. It has generally presented the, now thoroughly discredited, "money multiplier" theory as if it was gospel. But now in the light of this new Bank of England document. Fractional-reserve banking is the current form of banking in all countries worldwide. Tuesday, 11 March 2014. What's wrong with MMT. I have long bee...
mickanomics.blogspot.com
Mickanomics: MMT and The Problem with Government Bonds
http://mickanomics.blogspot.com/2015/06/mmt-and-problem-with-government-bonds.html
A collection of my thoughts on economics. Sunday, 14 June 2015. MMT and The Problem with Government Bonds. A possible counter argument is that the people that purchased government bonds are investing. In the government and therefore the rest of us should be grateful for this service, and be happy to repay them with interest payments. The problem with this argument is that the money was not really investment. 16 June 2015 at 02:12. On a comment on that blog, Scott Fullwiler agrees with Mitchell, and point...
mickanomics.blogspot.com
Mickanomics: January 2013
http://mickanomics.blogspot.com/2013_01_01_archive.html
A collection of my thoughts on economics. Saturday, 5 January 2013. A new video about money. Subscribe to: Posts (Atom). Mickanomics, the book! A new video about money. Peter Schiff's youtube channel. The clearest explanation of the current crisis bar none. Fractional reserve banking explanation. Full Reserve Banking - Wikipedia. Economics in One Lesson. Jim Rogers' youtube channel.
mickanomics.blogspot.com
Mickanomics: February 2014
http://mickanomics.blogspot.com/2014_02_01_archive.html
A collection of my thoughts on economics. Wednesday, 26 February 2014. Georgism in 300 words. Imagine that in the distant past, a ship ran into rocks off a desert island and started sinking. This situation obviously stinks. If you were one of the people having to pay rent you would be angry as hell, you’d protest at every opportunity. Who could possibly defend such system? If you were an islander, would you be happy with the situation now? Owners of the land you're living on got to own the land?
mickanomics.blogspot.com
Mickanomics: Fractional Reserve Banking on Wikipedia
http://mickanomics.blogspot.com/2014/03/fractional-reserve-banking-on-wikipedia.html
A collection of my thoughts on economics. Friday, 14 March 2014. Fractional Reserve Banking on Wikipedia. The fractional reserve banking page on Wikipedia has long been a source of edit-warring. It has generally presented the, now thoroughly discredited, "money multiplier" theory as if it was gospel. But now in the light of this new Bank of England document. Fractional-reserve banking is the current form of banking in all countries worldwide. Subscribe to: Post Comments (Atom). Mickanomics, the book!
mickanomics.blogspot.com
Mickanomics: June 2015
http://mickanomics.blogspot.com/2015_06_01_archive.html
A collection of my thoughts on economics. Sunday, 14 June 2015. MMT and The Problem with Government Bonds. A possible counter argument is that the people that purchased government bonds are investing. In the government and therefore the rest of us should be grateful for this service, and be happy to repay them with interest payments. The problem with this argument is that the money was not really investment. Subscribe to: Posts (Atom). Mickanomics, the book! MMT and The Problem with Government Bonds.
mickanomics.blogspot.com
Mickanomics: July 2014
http://mickanomics.blogspot.com/2014_07_01_archive.html
A collection of my thoughts on economics. Monday, 28 July 2014. Share prices with fractional reserve banking. IMHO the conventional view is badly wrong and here's why:. Most people would make two assumptions when considering this market:. People buy shares with their money. If they spend say, £1000 on shares, they will have £1000 less money to spend on other things. Textbooks say that the price of something is what you are willing to give up in order to get something, i.e. the amount of money you...Money...
mickanomics.blogspot.com
Mickanomics: December 2013
http://mickanomics.blogspot.com/2013_12_01_archive.html
A collection of my thoughts on economics. Tuesday, 31 December 2013. Advertising Standards Authority condone bank's lies. The idea that banks simply "lend" money in the normal sense of the word is actually false. I wrote about this before here. In their reply, they said. We acknowledge that the wording could be seen as being technically inaccurate". Interesting. Note that "technically inaccurate" is a euphemism for lie. Reminds me of terminological inexactitude. They went on to say. When Peter Mandelson ...
mickanomics.blogspot.com
Mickanomics: March 2013
http://mickanomics.blogspot.com/2013_03_01_archive.html
A collection of my thoughts on economics. Sunday, 3 March 2013. Economists prove that the earth is flat. Subtitle (and in doing so, miss important factors affecting unemployment). Consider the curve in the diagram below:. YL = YT (W x G). If we now consider smaller and smaller step sizes, in the limit as W approaches zero, YL becomes closer and closer to being equal to YT. If both the gradients and the step sizes are small, a poorly trained mathematician may sloppily pronounce that:. So lets see if we ca...
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