Stabilization and Stimulation

The words stabilization and stimulation encapsulate what the Federal Reserve and the Federal Government are trying to do to resolve the economic uncertainties. Entire textbooks have been written about each of these topics separately. I just want to introduce the concepts and open the door for numerous articles in the future. Briefly, these words refer … Continue reading Stabilization and Stimulation

Description of Exchange

Introduction The principle of exchange might seem obvious. It gets ignored, however, in many discussions of "buying," "selling," "international trade," and other market activities. These terms all represent internal references. (Left and right are internal references; north and south are external references.) Accurate discussions of market transactions require using an external reference: "exchange." A consciousness … Continue reading Description of Exchange