Equally, it is wrong for politicians to demand money for services rendered or threats not carried through.
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Ransomware is malicious software that hackers use to lock you out of your PC and demand money from you before you can use it again.
Others argue that once she is mayor, she will demand money from the Central government for her outlandish projects, money which will be probably withheld in large measure due to the lack of viability of her proposals.
If V (the income velocity of money which reflects the demand for money) is fairly steady, then M (money) growth should be 4%.
On this account, governments impose taxes payable only in money, creating a demand for money that means it will be widely accepted as payment for goods.
Unlike the classical gold standard, there is no market feedback mechanism to bring the quantity of money in line with the demand for money while maintaining long-run price stability.
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Under a genuine gold standard, the money supply responds automatically to the demand for money, and the value of money is anchored by defining the dollar in terms of gold.
Under a true gold standard, the optimal quantity of money is determined by market forces the money supply spontaneously adjusts to the demand for money, and long-run price stability is achieved.
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To modern Austrians an increase in the supply of money is inflation no matter the corresponding increase in the demand for money.
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Eventually, the week-to-week money supply numbers proved too erratic to target directly (the demand for money balances became less stable).
The market is pegging 30-year inflation at a slightly higher 2.0 percent rate, which is the spread between long-term 30-year Treasury nominal bonds and 30-year TIPS. Federal Reserve policy to increase the money supply has not led to inflation during this recovery because the demand for money has been lower than in other recoveries when inflation did occur.
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But does money supply directly boost nominal income, or does nominal income affect velocity and the demand for money?
The right amount will vary as the economy grows, and as the demand for money fluctuates.
There is a risk that, just when borrowers get into difficulty, hedge-fund clients may demand their money back.
The K , or demand for money, could be omitted by undergraduates without much penalty, but not so for graduate students.
He would look at velocity, the number of times a dollar turns over in a given year, to gauge demand for money.
If yields are rising, it means demand for money is picking up.
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The bulls say that bank crises typically begin when foreign creditors start to demand their money, and China owes very little to foreigners.
In theory, this is safe, because it is highly unlikely that all the bank's depositors will demand their money back at the same time.
But the order eased up considerably the ban on future speech, so long as that speech is not tied to a demand for money.
This has nothing to do with the gold standard system itself, which is wholly capable of accommodating the increased demand for money that usually accompanies economic expansion.
But many more were not in fact so: they were brought down by people thinking they might be and thus turning up en masse to demand their money: a bank run.
In the case of interest rates, the determinative factors should be the supply of savings available to lend and the demand for money by people and business who want to borrow.
More realistically, it's important to remember that the demand for money shifts all the time, and a combination of domestic and world events in 1980 was the catalyst for a rising greenback.
Fluctuations in the market price of gold as measured in dollars and euros would send the respective central banks real-time information on how to adjust dollar and euro liquidity to accommodate the demand for money.
The question Mundell avoids answering is how the central monetary authority, in whatever guise it ends up, will determine the demand for money so as to adjust the supply of money appropriately without inflating or deflating the currency?
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Yes, higher interest rates will cause problems for various sectors of the economy, but the ability to inflate other things in response will help raise the demand for money to meet the contraction by the Fed to a level that properly supports the economy.
Short-term interest rates of 2% are consistent with money demand of about 10 cents of base money per dollar of GDP.
If V (velocity of money), which is a reflection of the demand to hold money balances, is stable, then the growth in M should match the potential growth in Q.
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