The entire statement is this: "There are several standard measures of the money supply, including the monetary base, M1, and M2. The monetary...
Just to point out that because some people don't do it, doesn't mean it shouldn't be done. Investments are presently valued in dollars so it's...
Exactly as I said. M1 & M2 does not include Federal Reserve account money. i.e. "Base Money". For that, you have to look at MB. It's a...
Context, Son, Context. We were talking about fractional reserve banking. "My statement was "M1 & M2, only includes the commercial bank...
^That long cut and paste can be summarized into just one sentence: Money sitting in Federal Reserve accounts vs money sitting in commercial bank...
The explanation is simple. They don't want every Joe Blow (ordinary people) opening a bank and creating money via FRB. Before a bank can be...
No you still have it wrong. It's 9X the amount of reserves. This is why I didn't bother with your video.
So, if someone deposits $100, and the bank loans out $90 and keeps $10 in reserve, then they loaned out 9X it's reserves. Maybe you should read...
Exactly what I said. This is what "approaches $0" means.
No. If you can't explain it yourself, then it's not worth my time to to to someone else's website to get their opinion on the matter.
I would contend that in a true free market, the ability to create a monopoly is close to impossible. Monopolies always have needed some sort of...
A bank won't be allowed to create an infinite amount of money based on the deposit of just $1.
[/COLOR][/U]This definition is incorrect. A bank can loan out 9X it's reserves but not 9X the deposits in its accounts. There is a big...
Markets work well when they are actually left to be free markets. However start tossing in taxation, tax incentives, governmental regulation,...
I forgot about this example. Your are correct. It is as I said then, Guano was wrong and InfleXion was correct.
Read what I said again. I said price increases caused by production costs will cause demand to fall. Oil prices cause gasoline to go to...
For cash reserves, buy I-bonds. They let you buy up to $5000/year (2X) for a total of $10,000 year. They can be purchased in as low as $25...
This would imply that silver pricing is being determined by physical demand for the metal. There was not a 240% increase in physical demand....
".... but the correction was that they have 100% of the funds and loan out 900% of what they have...." Yes, he is correct. If the reserve...
Price isn't determined by production costs, it's determined by demand. If the demand isn't there, price drops below production and the mines...
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