Going to be starting up in here soon. Had lunch at Freebirds. Not bad, but not as good as Chipotle.
Quizzes from last week are apparently pretty good. I got 22 out of 25; 88%. Quiz next week
on the Federal Reserve system. Wireless connection in the classroom is flaking out on me,
so I’ll have to upload this later.
Schedule change. Next week will be Quiz 5. The week after that will be normal class.
November 13, Tran will be out of town, so no class that day. The week after that, there
will be class and Quiz 6. That will be the last quiz. The week after that, there will be
class as usual. The week after that, on the fourth of December, will be the final.
The Board of Governors for the Fed meets 8-10 times per year, in theory. More often if
there’s trouble.
When buying and selling government securities:
When a person cashes a bond, the Fed buys it. This increases the money supply, because more
money is available for lending and spending.
Chapter 15