Friday, January 31, 2020
Money supply in the United States Essay Example for Free
Money supply in the United States Essay Money supply in the United States, and indeed any other economy using a central banking reserve system, is controlled and managed by a limited number of private banks working together for their own benefit instead of the benefit of the nation. As Thomas Jefferson, the third President of the United States allegedly once said, â€Å"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs (Quotations Page). Money supply in the United Stated is expanded in line with a fractional reserve policy. This policy whereby the banks retain a fraction of their total deposits, and are then able to lend the rest means there will always be a constantly expanding money supply, and this will always be a multiple larger than the actual amount of base money that is made by the Federal Reserve. This multiple is known as the money multiplier and is calculated by the Federal Reserve based around its reserve requirement and other fiscal regulations. The importance of financial intermediation cannot be understated, as this is required in order to manage the banking and monetary system and to try and avoid banking panics, to serve as the central bank for the government, and to manage the nations’ supply of money through economic policies which try to maximize employment, minimize taxation, and produce positive gross domestic product. The significance of banker’s taste for excess reserves on the Fed’s ability to expand the money supply shows that the fractional reserve system is not perfect and that to gain maximum control over the money multiplier and the supply of money, reserves are needed to manipulate fiscal information to the banker’s benefit. These assets are counted as reserves due to the fact that they are not necessary for the bank to hold these reserves as collateral against its lending, hence they are considered excess. The banks could use these reserves to aggressively increase loans or investments if they so wish. This is a key factor to consider here, that the banker’s taste limit the power of the Fed, as they may be able to undermine the central banking system of the United States by manipulating the money supply.                                                          Works Cited Quotations Page. 13 May 2010 http://www.quotationspage.com/quote/37700.html.
Wednesday, January 22, 2020
Humanistic Perspective on Personality Essays -- Psychology Carl Rogers
The humanistic perspective on personality deals exclusively with human behavior. Humanistic psychologists believe that human nature includes a natural drive towards personal growth, that humans have the freedom to choose what they do regardless of environmental factors, and humans are mostly conscious beings and are not controlled by unconscious needs and conflicts. They also believe that a person's subjective view of the world is more important than objective reality. Two of the humanistic theorists that have made an impact of humanism are Carl Rogers and Abraham Maslow. Â Â Â Â Â When thinking about my personality in regard to different personality theories, I felt that I could most relate to the humanistic theory. Carl Rogers described self-concept as a collection of beliefs about one's own nature, unique qualities and typical behavior. My self-concept is that I'm an easy-going, nice guy. If something happens that upsets me, I am pretty laid back about it and deal with it gradually. I like the fact that I'm easy going, and I don't want to suddenly start showing a temper or overreacting about things that I know I can get past calmly. Rogers also stressed the fact that our self-concept may not always be accurate. I like to think that I'm an intelligent human, but when others see my transcript, for example, they may think otherwise. But, on the other hand, when I am in a situation that I know a lot about, like hunting, another might think I am very intelligent. Others' view...
Tuesday, January 14, 2020
Crusaders vs. Invaders
In c. 800, Pope Leo III assigned Charlemagne as Emperor of the Roman people. This collaboration and mutual understanding between Charlemagne and the church paved the way for the numerous future successes in the conquest wars. The initial steps taken by Charlemagne as Emperor do not imply a lust for power or riches at any stage. What they did imply was his aspiration to educate the people and build an unbiased government system that solely functions towards the well-being of the whole empire.Moreover, the major cause behind the conquest wars led by Charlemagne against the German tribes was to announce the revival of the Roman Empire as far as central Europe, and provide an easy access for the church into the pagan tribes (Einhard 61). According to Einhard, in his book two lives of Charlemagne, the Saxons were an extremely disrespectful people. He states: â€Å"They are much given to devil worship and they are hostile to our religion. They think it no dishonor to violate and transgres s the laws of God and man. †(61).Although the Franks lived peacefully just across the river to the Saxons, consistent crimes like murder and theft eventually gave way to a ferocious war between the two parties. The sole purpose of this war was to convert the Saxons to Christianity and unite them with the Franks (Einhard 61-62). Although the Franks may have initiated the war, it is absolutely transparent that they had no intention of settling matters other than peacefully. This can be deduced from the fact that while crimes were being committed continuously, the Franks bided for a long time until they could endure it no more.It was not only the Saxon war, but the origins of the other conquest wars were also not quite different. For example, the war in Bavaria against Duke Tassilo occurred under similar circumstances. The duke made allies with the Huns disregarding all Charlemagne’s orders (Einhard 65). Einhard states in his book: â€Å"Not only did Tassilo refuse to ca rry out Charlemagne’s orders, but he did his utmost to provoke the king to war. †(66). Wars against the Slaves and Huns also lied along the same lines. Absolute disagreement and disregard of the king lead to unnecessary bloodshed with the same result.Although the actions of Charlemagne may appear to be quite reasonable, the wars fought by the Vikings in Europe are an entirely different story. Their advancements into Europe occurred in various forms; however, they always had a violent and ferocious touch to them. In addition, the Vikings were staunch followers of paganism at the time, making them a more unpopular figure in recorded history. Details of the siege of Paris clearly indicate that the Vikings were solely responsible for their war against Odo, defender of Paris.According to Frederic Austin in his book A Sourcebook of Mediaeval History, Siegfred, the Vikings leader, said to the bishop of Paris: â€Å"†¦if you do not listen to my demands, on the morrow our war machines will destroy you with poisoned arrows. You will be the prey of famine and of pestilence and these evils will perpetually renew every year. †Basically, the Vikings threatened the leaders of Paris that if they do not handover the city, they would wage war against Paris with all their force, resting only after its total destruction. In the same book, Frederic Austin narrates the story of Rollo’s conversion to Christianity too.Although initially he refused to pay respect to King Charles, his conversion had a profound effect on his leadership. â€Å"The duke established for his subjects certain inviolable rights and laws, confirmed and published by the will of the leading men, and he compelled all his people to live peacefully together. †(Austin 165-173). Literally speaking, a crusade refers to a collaborative attempt by a group of people that is aimed to achieve a credible cause, while an invasion implies to the disturbance of an event by an uninvited subject.After examining every war fought by Charlemagne during his conquests, it can be safely deduced that he never fought with the wrong intentions, but always aimed to spread the word of Christianity and enforce peace throughout the lands. Moreover, the wars though mostly initiated by Charlemagne, were always provoked by the opposite party. The Vikings on the other hand, were solely responsible for the provocation as well as initiation of wars. At the time of their infiltration into Europe, they mostly used violent methods to take over the city governments against the will of the people.Although Lief Erikson may have built whole towns in the Americas for permanent settlements, the program eventually failed and the spirit of that deed faded away with time, while the actions behind the more influential settlements of the Vikings in Europe were remembered. Works Cited Austin Ogg, Frederic. A Sourcebook of Mediaeval History. New York: American Book Company, 1907. 165-173. Einhard. T wo Lives of Charlemagne. Trans. Lewis Thorpe. New York: Penguin Books Ltd, 1969. 61-68.
Monday, January 6, 2020
Outsourcing The Trifecta Of Outsourcing - 1979 Words
The Trifecta of Outsourcing Financial services firms have always faced market volatility, but new challenges are forcing most to rethink their traditional operating models in favor of outsourcing. One of the main concerns within any industry is maintaining a competitive advantage. In order to do so, the company should review what should be â€Å"outsourced without damaging core strategic assets and capabilities of the firm†(Graf et al. 69). Outsourcing is seen by many executives as a panacea for all the problems they face and they put forward a number of advantages as to why such programs should be implemented. The expanded use of outsourcing models will help improve revenue and create new business opportunities. â€Å"Since the 1970s, banks and†¦show more content†¦Outsourcing information technology (IT) has grown beyond server and data center hosting to include private and public cloud computing, application development and management, software maintenance and enhancement, network managemen t, user support and outsourced database and system administrators. One of the writers of Banking Systems and Technology, states outsourcing can save about $265 million for one company (Yurcan). Profit is always the main goal for any company worldwide, meaning that outsourcing is a really big aid to filling the bottom line. Those companies who do choose to outsource in the United Kingdom have done a good job doing so and it has truly helped out their competitive advantage (Yurcan). Some companies have decided to outsource something as small as their mobile bank industry. For some smaller banks in the United Kingdom it seems to be a lot easier to have another company be in charge of their mobile banking so that they focus on core competencies within the organization (Yurcan). In addition to that, with other larger companies who have the resources and money to engage in house control of their own mobile banking IT software, it leaves the smaller businesses with their hands tied. There is no doubt that since 2010 there has been a need for mobile banking, as it is the most efficient and convenient way to bank for customers (Yurcan). Thus, in order
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