Recent content by JamesTheWarlock

economist.com news... what-happens-when-fed-starts-losing-money-other-side-qe Don't quite get it all, but its relevent.

Suppose I misunderstood. It sounds like a pretty big deal, the more research you do the better. Personally, I would sieze the opportunity to become the King of Druid Hills. Has a nice ring to it.

That's really cool. There is far to much societal stagnation as of the past few hundred years. I hope to see more bottom-up restructuring.

That sounds about right from what I've been reading, but what I'm particularly curious about right now is whether The Fed tends to gain or lose on these trades. Does it buy securities at a premium or a loss? Surely the securities would not be placed on the market if they were expected to not...

Hahaha. If only you knew.

Can't post URLs yet, so add http and such, crawford.anu.edu.au/public_policy_community/content/doc/Minimum%20wage%20J%20Rob%20Bray%208%20May%202013.pdf Figure 1 shows the estimated real value of the mininum wage through 1907-2007. I believe "real value" means adjusted for inflation. The...

I'm trying to learn about the process of money creation, and I'm not quite getting this. Perhaps someone could point me toward a good book about it?