solarbird: (bubbles-is-hardcore)
[personal profile] solarbird
I have to do a bunch of things, so there'll be more when I get back from all that, but to have background for my next post, I suggest reading:
Principles of Economics, Unit 10 - The Banking System and the Money Multiplier

Principles of Economics, Unit 11: The Federal Reserve and Monetary Policy
Because it talks about this:
Graph originally here, from this Federal Reserve page, spotted (and talked about extensively) by Karl at Market Ticker here.

Date: 2008-12-30 11:16 pm (UTC)
ext_3038: Red Panda with the captain "Oh Hai!" (don't panic)
From: [identity profile] triadruid.livejournal.com
Hey look, a cliff! *WHAM*

Sorry, I don't have any intelligent, non-snarky responses to this most excellent post.

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