martes, 29 de julio de 2008
lunes, 28 de julio de 2008
If we agree with Milton Friedman's famous dictum that "inflation is always and everywhere a monetary phenomenon," then we should adopt a definition that explicitly acknowledges this point. Prominent Austrian economists such as Ludwig von Mises, Henry Hazlitt, and Murray Rothbard have presented definitions that vary slightly from one another, but one aspect common to all of them is an increase in the money supply. Accordingly, I will adopt that simple definition. Deflation will be defined conversely as a decrease in the money supply. In order for these definitions to be meaningful, however, one must also have a precise definition of money.
Money, as Frank Shostak succinctly explains, is "that for which all other goods and services are traded." In practice, money is typically a homogenous and durable good that is universally recognized as something of value and which people are willing to accept in exchange for goods and services. It might be gold or pieces of paper physically exchanged in transactions, or it might be such items stored in institutions like banks and drawn upon by checks, debit cards, or other means.
is a banking practice in which banks are required to keep only a fraction of their deposits in reserve with the choice of lending out the remainder while maintaining the obligation to redeem all deposits upon demand. This practice is prevalent worldwide and is considered to be the customary form of banking system.
The True Money Supply (TMS) was formulated by Murray Rothbard and represents the amount of money in the economy that is available for immediate use in exchange. It has been referred to in the past as the Austrian Money Supply, the Rothbard Money Supply and the True Money Supply. The benefits of TMS over conventional measures calculated by the Federal Reserve are that it counts only immediately available money for exchange and does not double count. MMMF shares are excluded from TMS precisely because they represent equity shares in a portfolio of highly liquid, short-term investments which must be sold in exchange for money before such shares can be redeemed. For a detailed description and explanation of the TMS aggregate, see Salerno (1987) and Shostak (2000). The TMS consists of the following: Currency Component of M1, Total Checkable Deposits, Savings Deposits, U.S. Government Demand Deposits and Note Balances, Demand Deposits Due to Foreign Commercial Banks, and Demand Deposits Due to Foreign Official Institutions.
the type of inflation that occurs in fractional-reserve banking, where money that is intended to be used for current consumption is loaned out to businesses, sending false signals about people's preferences for current vs. future consumption, which makes it impossible for businesses to properly allocate resources
An example of this type of inflation would be found in a society where gold is used as moneyMonetary base
the monetary base is roughly $850 billion, compared to the TMS, which is about $5.4 trillion. The Fed therefore directly controls only about 15% of the money supply.
The Fed has already taken several drastic actions in an attempt to prevent deflation, but it remains to be seen whether it is even possible for it to achieve such a goal without destroying the dollar and the entire financial system
lunes, 21 de julio de 2008
You can't do what you don't know
You don't know until you measure
You don't measure what you don't value
You don't value what you don't measure. .."
domingo, 20 de julio de 2008
lunes, 14 de julio de 2008
The first is a relaxed state: no fight with the mind, no control over the mind, no concentration.
Second, just watch with a relaxed awareness whatever is going on, without any interference - just watching the mind, silently, without any judgement, evaluation.
These are the three things: relaxation, watching, no judgement.
martes, 8 de julio de 2008
lunes, 7 de julio de 2008
y además permite recordar viejos tiempos
http://en.wikipedia.org/wiki/White_noise ... que no es lo mismo que ruido blanco gausiano y
"Puede ser usado para desorientar a personas antes de un interrogatorio y como técnica de privación sensorial. Por otra parte, el ruido blanco de baja intensidad puede favorecer la relajación y el sueño. En las tiendas pueden comprarse CDs con largas secuencias de ruido blanco."
La vida relacionada con proyectos y diria tb que en general, según los nervios que tenga cada uno, hay que tomarsela con paciencia y un pelin de perseverancia.
Aqui van los 15 tips para ser tan paciente como Job, segun Zenhabits, resumidito:
- Tally marks.
- Figure out your triggers.
- Deep breaths.
- Count to 10.
- Start small.
- Take a time out.
- Remember what’s important.
- Keep practicing.
- Remember that things can take time.
- Find healthy ways to relieve frustration.
- Try meditation.
- Just laugh.
- Just love.
“Genius is eternal patience.” - Michelangelo
... como no, el último recurso es hacerse budista "Del deseo surge el dolor; del deseo surge el miedo. Para aquel que está libre de deseo ni hay dolor ni mucho menos miedo."