Fiat money

William Easterly’s article “Was Development Assistance a Mistake?” (2007) seeks to contribute to an ongoing discussion regarding the efficiency of the foreign aid provided to low-income countries. Easterly is a Professor of Economics at New York University, specializing in economic development. He has held some prestigious posts as an economist and researcher at the World Bank, Journal of Development Economics and Aid Watch, to name but a few. One of his books The White Man’s Burden: Why the…

Judge Posner's criticisms of the Bluebook ring true, especially the part about them pushing out new editions every few years needlessly, to keep their revenue stream going. Richard A. Posner, The Bluebook Blues, 859 (vol. 120, 2011). The Bluebook is a prime example of the worst in the legal profession ergo, like many guilds; the law has a tendency to shroud itself in mystery and to express itself in methods obscure to outsiders. Id. Misdirecting resources towards "Bluebooking" is a prime…

2. How can it be maintain or sustain for future? Bukit Tinggi provide pleasant breaks for the weary travellers to the Far East. From my opinion I believe that Bukit Tinggi have a very great potential to be improve to create more attraction point for tourist to visit. There are few places to visit in Bukit Tinggi which is Rabbit Farms, Japanese Village-A Touch of Zen and Colmar Tropical- French Village and yet these places still can be improve. In order to sustain through all the challenges for…

Renting Versus Buying a Home For many in the United States, homeownership is part of the “American Dream”, a subjective notion. Financially, this does not always make sense. This paper looks at the advantages and disadvantages of renting versus owning a home and explores the importance of performing a title search before entering into a purchase and sale agreement to buy a home. Advantages of Renting Career choices, family structure, health, and age drive personal financial planning. These same…

how many of you have a piggy bank? If you did have one, then you already knows how it’s worked. Basically, You just saving your money in your piggy bank and by the time it full, then you open the piggy bank and get the money for personal uses. Thesis Statement: Today, I will try to persuade you all to start investing for a retirement plan, so that you will have the money to pay for medical care, the lifestyle you want, the home you want to have, the cars you want to own, and all the amazing…

2. Noise trader risk Noise trader risk refers to the risk that the mispricing worsens in the short run because there is possibility that pessimistic traders become even more pessimistic about the future. Once a position is taken, noise traders may drive prices farther from fundamental value, and the arbitrageur may be forced to invest additional capital, which may not be available, forcing an early liquidation of the position. 3. Information gap and financing issues Generally, the arbitrageurs…

government has kept borrowing more and more money even after the current crisis started. The past few years have proved that the Greek Government does not have the right people for managing its economy. The Greek people are also not helping much, as they do not seem to have understood the seriousness of their economic situation. Opposing the austerity measures proves that. There are lots of fundamental forces in an economy like expectations of citizen, money illusion, cost wage lag, anomalies…

Willy Loman’s perception of the American dream is also played in part by his view of financial stability. As a salesman, Willy’s profession is based on being able to sell himself and his character in order to make ends meet to support his family. Aside from being well-liked, Willy’s validation as a success also stems from his prospects in being the provider for his family. He believes that the idea that dedication and hard work will provide financial stability. This is because he struggles to…

Bilas urges, “Boy, we pay the athletes and all of a sudden everybody is going to drop every sport” ( Peebles qtd 8). This is the counter argument for his fourth point. In the counter argument he says that all of the sports that do not get as much money, like the rowing teams, as the bigger programs will lose athletes like the rowing teams and the sport will become less popular, but Bilas declares: “ That’s a lie. It’s all a lie” (qtd in Peebles 8). After, he says this they will not cancel the…

There is no money creating in this system hence the credit multiplier effect is zero in this system. Savings for investment banks are accepted in the form of deposits and the banks use this saving to invest in the purchase of equity shares. Thus there is no money creation through credit and the investments made by the banks are fully backed by the saving. Unlike conventional banking the…