Econ Autodidactic
There is only one true answer to any economic question: "It depends".
Thursday, December 18, 2014
Money Supply and GDP
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A decrease in the money supply will have the effect of raising interest rates. Once the interest rates are increased, then business inv...
Wednesday, December 17, 2014
Three Roles of Money
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Money has three roles. The first role of money is to be a medium of exchange. People have needs and wants that they cannot produce th...
Tuesday, December 16, 2014
Growth of On-Line Commerce
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In a situation where more transactions take place online there will be fewer uses for having cash on hand. As more commerce and banking...
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