25 Matching Annotations
  1. Feb 2022
    1. Chichen Itza,

      the fountain of Mexican influence that spread through much of Mesoamerica.

    2. During this period of history,

      paragraph is about how the Popol Vuh describes that the Highland Maya, who lived in the area for more than 2,000 years, came to be dominated by the Cavec-Quiché lineage. And during that time, most of the important Maya ruling lineages were multilingual and heavily influenced by Nahua-speaking people from the surrounding areas. Welll, the LOWland Maya people supposedly didn't speak Nahua, even though there are Spanish records that many of them could in fact speak it as a second language. Anyway, Nahua was the language of the Toltecs and then the Aztecs, and it basically became a lingua franca among the Mesoamerican elite by the last hundred years before the Spanish conquest.

    3. Their homeland is

      paragraph is about context regarding climate and geography

  2. Oct 2021
    1. .

      Intro toWhat Monetary Policy Cannot Do> It can't peg interests rates except for a very limited amount of time, and it can't peg the rate of unemployment except for a very limited amount of time.

    2. .

      Because now countries were adopting cheap money policies (aka central banks were setting low interest rates so that people could borrow money to further stimulate the economy) there was inflation.

    3. "In the field of compensatory action, I believe fiscal policy must shoulder most of the load. Its chief rival, monetary policy, seems to be disqualified on institutional grounds.

      Another dis-believer of monetary policy.

    4. Another economist saying, in 1945, that they didn't see a strong need for monetary policy.

    5. .

      My question is, is 2.5 interest rate more or less than a bond typically paid?

    6. il.

      Later, there was a revival of people believing in monetary policy. That is, people started to again think that "yeah, the central bank needs to print more money and they need to cut interest rates so more banks and thus people will borrow"

    7. Recent studies have demonstrated that the facts are precisely the reverse: the U.S. monetary authorities followed highly deflationary policies. The quantity of money in the United States fell by one-third in the course of the contraction. And it fell not because there were no willing borrowers-not because the horse would not drink. It fell because the Federal Reserve System forced or permitted a sharp reduction in the monetary base, because it failed to exercise the responsibilities assigned to it in the Federal Reserve Act to provide liquidity to the banking system.

      Wow! So although Keynes said that the Great Depression, of which the recession period of that, which Friedman calls "the Great Contraction" happened despite the government pumping money into the economy, Friedman says that new studies say that's actually not true. The Federal Reserve at that time DID NOT pump money into the economy. In fact, there was actually 1/3 less money in the economy.

    8. ss

      ?

    9. d.

      So because of Keynes, for a few years the trending idea was that money didn't matter too much.

    10. Here Friedman summarizes Keynes. Keynes said that monetary policy could not stop the Depression unless the government made up for the lack of private investment by reducing taxes.

    11. You could pull on it to stop infla- tion but you could not push on it to halt recession

      Then the Great Depression came and people started to think that monetary policy could stop prices from going up, but it couldn't stop a recession, aka it couldn't stop people from NOT spending.

    12. erm

      In the 1920's many thought that the Federal Reserve was to thank for the economic stability of the era.

    13. .

      1st paragraph introduces how people all agree that high employment, stable prices and rapid growth are the goals of economic policy. The disagreement is about whether we can have all of those at the same time, and if not, which should take precedence over the other.

  3. Sep 2021
  4. Aug 2021
    1. James Maxmin, a former CEO of companies including Laura Ashley

      Laura Ashley plc was a British textile design company now controlled by the MUI Group of Malaysia. It was founded by Bernard Ashley, an engineer, and his wife Laura Ashley in 1953 then grew over the next 20 years to become an international retail chain. Sales totalled over £276 million in 2000.

    2. National Gallery of Art

      this was open at night?

    3. linotypists

      a person who operates a typesetting machine that makes a line of type into a single line of metal. An example of a linotypist is a person who might have worked for a newspaper before digital printing was introduced

    4. People were saying ‘My work is floating in space!’”

      This is a 180 from today, where we put complete trust of our thoughts and information in a "cloud."

    5. organisational change consultant

      wot?

    6. prorogued

      discontinue a session of (a parliament or other legislative assembly) without dissolving it.

    7. What began as advertising is now

      As if advertising used to be innocuous, lol