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INDUSTRY REGULATION: Government regulation of an entire industry. The most common industry regulation has been in airline, railroad, trucking, banking, and television broadcasting. The objective of industry regulation is for a regulatory agency to keep a close eye on an industry's prices and product to ensure that they don't start a monopoly and take advantage of consumers. Unfortunately more than a few of the regulatory agencies have been prone to work too closely with those they regulate, in large part because regulators move freely between industry and agency. The agency often ends up working for the industry and running what is effectively a legal monopoly that raises prices, prevents competition, and gouges consumers.
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Lesson 19: Money Creation | Unit 1: A Little Magic
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Page: 2 of 23
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The mystical source of magic is fractional-reserve banking. Remember: - Banks control 60% of the M1 money supply.
Fractional-reserve banking activities:- First: As financial intermediaries banks pool unspent household income, which is used for business loans for investment in capital.
- Second: As safekeepers of deposits, they provide 60% of the money that our economy uses for exchanges.
Important:- The division between reserves and loans is the source of banking magic.
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EXPLOITATION The notion that capital owners and entrepreneurs of the second estate "take advantage" of workers of the third estate by paying them less than their contributions to production.
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GREEN LOGIGUIN
[What's This?]
Today, you are likely to spend a great deal of time at a dollar discount store hoping to buy either a replacement battery for your pocket calculator or a how-to book on home remodeling. Be on the lookout for strangers with large satchels of used undergarments.
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This isn't me! What am I?
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Mark Twain said "I wonder how much it would take to buy soap buble if there was only one in the world."
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"The greatest things ever done on Earth have been done little by little. " -- William Jennings Bryan
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ACBS
Accrediting Commission for Business Schools
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