I recall an undergrad chemistry professor at the Univ of Minn
who after several minutes of absorbed lecture and diagramming
on the chalkboard would half-turn and say "...is that right?"
Then he would theatrically sigh out loud and say".. I'm used to
discussions with
graduate students. You are all freshman...of COURSE its right,
I'm TELLING you its right!". We chuckled as he turned and plunged into
the next
topic.
Eric's summary looks to be quite detailed on the concepts of M1and other
definitions of money supply - and how money flows through the banking
system.
I have only read the first two pages. Metaphorically, I am back in the
undergraduate auditorium scribbling notes as Professor C. F. Reserve
turns and with head half-tilted exasperatedly signs, "..of course its
right..."
Steph T
On 9/10/2010 7:14 PM, Eric Smith wrote:
Glen, hi,
Many helpful (to me) posts, following on your question.
In conversations with Jim Rutt here on similar questions, he
recommended the attached summary to me:
He claims it is to the point, and factually accurate. I need to read
it, but have not yet.
All best,
Eric
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============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
lectures, archives, unsubscribe, maps at http://www.friam.org
