tag:blogger.com,1999:blog-2098432983500045934.post8823467421378907185..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: McConnell 1975: How Banks Create MoneyThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2098432983500045934.post-67062075734912568562012-10-28T19:36:35.907-04:002012-10-28T19:36:35.907-04:00Well whats important to understand about balance s...Well whats important to understand about balance sheets is that they only show what has already occurred. They are an imprint of events in the past. <br /><br />If on Sept 1 you had intentions for a certain financial position by Sept 15. Your snapshot on Sept 16th will tell you if you got there. But your attempts to reach it can be thwarted by things out of your control. You dont control your income, other peoples spending control your income. <br /><br />Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-35083379419239938812012-10-27T19:40:13.986-04:002012-10-27T19:40:13.986-04:00True enough Greg -- especially that last part. I h...True enough Greg -- especially that last part. I have a mental block when it comes to balance sheets, no doubt.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-4308371657909764882012-10-27T16:59:21.644-04:002012-10-27T16:59:21.644-04:00"If there is a weakness in thinking in terms ..."If there is a weakness in thinking in terms of balance sheets, it is that a balance sheet is a picture "at some specific point in time." A balance sheet is a snapshot. A static image. It cannot show growth. It cannot show change. It cannot show the development of imbalances in the economy."<br /><br /><br />All you need is five consecutive balance sheets at 0900 EST and then you can see growth or contraction. In fact with five consecutive ones you can even make a graph of the changes. I know you love graphs ; )Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-1954476705140267312012-10-27T10:23:29.818-04:002012-10-27T10:23:29.818-04:00You might also want to look at this tutorial
http:...You might also want to look at this tutorial<br />http://money4nothingchicks4free.wordpress.com/2012/10/26/new-tutorial/Clonalhttps://www.blogger.com/profile/18290009954839887975noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-25509409724817494872012-10-27T07:13:53.264-04:002012-10-27T07:13:53.264-04:00This one is long and kind of got away from me. Als...This one is long and kind of got away from me. Also I didn't spend enough days going proofreading it.<br /><br />The overriding theme of the post is that it's all been said before, all of this about "loans create deposits" and such.<br /><br />I was also struck by how some of the detail numbers have changed, but the principles have not.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com