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Monetary Thought Experiments
15 hours ago ago from EconLog
Scott Sumner writes , Why would doubling the supply of currency cause people to hold twice as much currency in real terms? Here is my thought experiment. Suppose that the government retired lots of $10 bills, giving $5 bills in exchange, at the fair rate of two fives for one ten. Suppose that this doubled the supply of $5 bills in circulation. In order to keep the real supply of $5 bills constant, the price level would have to double. Do ...
Related contentAre Money and Bonds Perfect Substitutes?
13 hours ago ago from The Everyday Economist
Frequent reader might recall that I recently posed a simple thought experiment: Suppose that banks increase their demand for bank reserves. Now suppose that the Federal Reserve increases bank reserves correspondingly. What happens to the broader money supply? What happens to nominal income? What happens to inflation? I suggested that the answer was given that the Fed was merely increasing the money supply to satisfy an increase in ...
Related contentMore snow!! (and food)
21 hours ago ago from Making Food and Other Stuff
I think i jumped the gun when I posted those pictures yesterday of the snow storm. This is the same view from my window this morning: That's my car under that mound of snow. I heard on NPR before even getting out of bed that we got 26 (!) inches of snow and that the winds were blowing at 70 mph last night. My first thought was of all the fun skiing ahead of me, which was quickly followed by thoughts of all the shoveling that ...
Related contentwoot im rockin’ a new point and shoot camera
53 minutes ago ago from Lynn-Kai Chao Photography Blog | LKC Studios | San Francisco Bay Area Sacramento Wedding Photographer
woot im rockin' a new point and shoot camera. its actually my first ever point and shoot. its a panasonic LX3 and its probably one of the best rated wide angle p&s cameras out there. but if you are rich you can get the classier leica dlux4 same innards, just different looks. this month marks the 2 year anniversary of my first blog post ! if youve followed along (its been like a reality TV show) you know how i have changed as a ...
Related contentLet The Tomatoes Fly…
12 hours ago ago from The Final Comments
How Prophetic! When the news hit about Palin almost getting pelted in Minnesota by a tomato, one could only help but laugh and reflect on this Ditz's Year! So it now seems you can get her pathetic book of lies for free now. The true irony of this stupid book is that Ms. Palin has a degree in Journalism, but had to get a ghost writer pen her pathetic lies and blames for her problems. What The World Thinks of YOU Sarah Palin Let ...
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Kathleen Wells, J.D.: Congressional Delegate Donna Christensen and the House Health Care Bill
17 hours ago ago from Huffington Post
Delegate Donna Christen-Christensen (D-U.S.V.I.) is a member of the 111th Congress, serving her seventh term. Christensen is the first female physician in the history of the United States Congress, the first woman to represent an offshore Territory, and the first woman Delegate from the United States Virgin Islands. She serves as an assistant Majority Whip and is the chairwoman of the Congressional Black Caucus' Health Brain Trust. We ...
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