I had written: It's important to remember that there are markets are at
work here and that markets can work independently of the will of any
individual or company. But there are lots of problems with markets even
when individual manipulation and monopoly play no role.
Charles writes:
But I'd
Jim Devine [EMAIL PROTECTED] 04/06/00 05:04PM
CB: From whom do they [banks] borrow ? Aren't the biggest creditors, net
creditors ?
they borrow from all people who have bank accounts, though the most
important are those who can afford to save most and also can afford to keep
the largest
CB: From whom do they [banks] borrow ? Aren't the biggest creditors, net
creditors ?
I wrote:
they borrow from all people who have bank accounts, though the most
important are those who can afford to save most and also can afford to keep
the largest amounts in the bank.
CB responds:
CB: Is
Jim Devine [EMAIL PROTECTED] 04/06/00 02:29PM
I wrote: In the cycle, interest rates are pro-cyclical, with the
interest rate soaring to the stars in a financial crisis, and then falling
as the demand for loans falls in a recession.
CB asks: Would this mean bankers have a tendency to
Jim Devine [EMAIL PROTECTED] 04/06/00 04:06PM
CB: In general, I think of bankers wanting high interest rates for the
obvious reason that it is the price of money ( which they "sell" in
loans). I think they are this much "in your face" at one level, but I can
see that this simple
CB: From whom do they [banks] borrow ? Aren't the biggest creditors, net
creditors ?
they borrow from all people who have bank accounts, though the most
important are those who can afford to save most and also can afford to keep
the largest amounts in the bank.
CB: Stagflation seemed to be
Other problems with concentration ratios concern determining the
appropriate market. Do we look at all of agriculture as a single market
or do we just look at egg producers or pumpkin growers as the market?
Jim Devine wrote:
it depends on one's time frame. Compared to the "good old daze" of
