Student
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How Is Money Flowing with Banks?
Minjung Kang (403886)
Finance / Ludek Benada
Ⅰ. Introduction
We are living in a capitalist society. Capitalism is one of the hardest terminologies to define exactly. Nonetheless, we need to know the world we 're in. It is said that modern society is a capitalist world. In other words, modern society is the world finance and money dominates over. In this paper, I 'm supposed to undermine the root cause of money flowing, so to explain, how money comes into the world.
In capitalist society, people can hardly live without any money. Some people do sometimes love money too much. Is it to be blamed? Otherwise, should ignoring money be criticized?
Finance capitalism is a term defined as the subordination of processes of production to the accumulation of money profits in a financial system. This system was born in England and developed in the United States, however, financial capitalism is practically the same any nationwide since fundamental principles of money circulation is almost identical everywhere.
What is money?
Before figuring it out, we need to refer to prices. Considered the price of gold and slivers, gold and silvers have gone up a lot already, and in many opinions, will go ever so much higher. Rising price is not limited the price of gold and silvers. Prices seem to continue the upward course on every single good and service from our presented society. W hy are prices just continually going high? Of course, we learnt about prices in school as the laws of supply and demand work on prices. Prices are formed where the demand curve and the supply curve meet. Hence, the reason why the price has risen is that either the demand increases or the supply decreases. Nevertheless, can we say it is the only way the price is on the rise?
Can we truly say that skyrocketing housing prices for less than a year could be explainable by only the law of demand and supply? Basically, there is another reason. The
How Is Money Flowing with Banks?
Minjung Kang (403886)
Finance / Ludek Benada
Ⅰ. Introduction
We are living in a capitalist society. Capitalism is one of the hardest terminologies to define exactly. Nonetheless, we need to know the world we 're in. It is said that modern society is a capitalist world. In other words, modern society is the world finance and money dominates over. In this paper, I 'm supposed to undermine the root cause of money flowing, so to explain, how money comes into the world.
In capitalist society, people can hardly live without any money. Some people do sometimes love money too much. Is it to be blamed? Otherwise, should ignoring money be criticized?
Finance capitalism is a term defined as the subordination of processes of production to the accumulation of money profits in a financial system. This system was born in England and developed in the United States, however, financial capitalism is practically the same any nationwide since fundamental principles of money circulation is almost identical everywhere.
What is money?
Before figuring it out, we need to refer to prices. Considered the price of gold and slivers, gold and silvers have gone up a lot already, and in many opinions, will go ever so much higher. Rising price is not limited the price of gold and silvers. Prices seem to continue the upward course on every single good and service from our presented society. W hy are prices just continually going high? Of course, we learnt about prices in school as the laws of supply and demand work on prices. Prices are formed where the demand curve and the supply curve meet. Hence, the reason why the price has risen is that either the demand increases or the supply decreases. Nevertheless, can we say it is the only way the price is on the rise?
Can we truly say that skyrocketing housing prices for less than a year could be explainable by only the law of demand and supply? Basically, there is another reason. The
References: - Gregory Mankiw, 「Macroeconomics」 - Charles Nelson, 「Macroeconomics」 - United States. Congress. 1964, House Banking and Currency Committee - Federal Reserve Bank(FRB), 1963, Modern Money Mechanics - Roger Langrick, 「 A Monetary System for the New Millennium (2010) 」 - Alfred Mitchell-Innes, 「What is Money? (1913)」 and 「The Credit Theory of Money(1914)」 - Andrew M. Gause, The Secret World of Money - Elloen Brown, The web of debt