[lit-ideas] Re: Quasiness
- From: Robert Paul <rpaul@xxxxxxxx>
- To: lit-ideas@xxxxxxxxxxxxx
- Date: Wed, 11 Mar 2009 11:42:53 -0700
"This entry comprises the total quantity of time and savings deposits
denominated in the national currency, held by nonbank financial
institutions, state and local governments, nonfinancial public
enterprises, and the private sector of the economy. When added
together with "M1" the total money supply is known as "M2." The
national currency units have been converted to US dollars at the
closing exchange rate on the date of the information."
Maybe it should be called cwazy money, as in 'You Cwazy wabbit!'
Robert Paul
Pwofessow of Pseudo-Voodoo Economics
Mutton College
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