Bank Regulations and Morale Hazard

Central Banks play an important role in monetary policy in their countries. If one traces their history it goes back to the era of the goldsmith, where paper money originated. In the United States, depositors left their gold at goldsmiths’ vaults, and in return, they received paper as a claim for their gold to redeem. This paper circulated as paper money and paper money was in effect in the United States until 1970’s, when the United States abandoned the gold system.

Are we all trapped in our minds capability? Vol.01 Financial Bubbles

Do you think that the world is in real as you seen it? And if yes is that a realistic point of view? I mean we only understand what our mind can understand, that is and our biological limit.

The Effects of Asset Prices and Exogenous Shocks on the Economy

I recall in math the function of several variables, where a variable is dependent on some other variables.  In the case of macroeconomics, Quantity demanded is a function of the price of the good demanded the price of related goods (substitutes) or complementary goods.