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Absolute Success is Luck. Relative Success is Hard Work.

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9/30/2018 Absolute Success is Luck. Relative Success is Hard Work. https://jamesclear.com/luck-vs-hard-work 1/13 JAMES CLEAR Absolute Success is Luck. Relative Success is Hard Work. by James Clear (staging.jamesclear.com/about)????| ????Life Lessons (https://jamesclear.com/life-lessons) In 1997, Warren Buffett, the famous investor and multi-billionaire, proposed a thought experiment. ?Imagine that it is 24 hours before you are going to be born,? he said, ?and a genie comes to you.? ?The genie says you can determine the rules of the society you are about to enter and you can design anything you want. You get to design the social rules, the economic rules, the governmental rules. And those rules are going to prevail for

Success is Luck

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9/30/2018 Absolute Success is Luck. Relative Success is Hard Work. https://jamesclear.com/luck-vs-hard-work 1/13 JAMES CLEAR Absolute Success is Luck. Relative Success is Hard Work. by James Clear (staging.jamesclear.com/about)????| ????Life Lessons (https://jamesclear.com/life-lessons) In 1997, Warren Buffett, the famous investor and multi-billionaire, proposed a thought experiment. ?Imagine that it is 24 hours before you are going to be born,? he said, ?and a genie comes to you.? ?The genie says you can determine the rules of the society you are about to enter and you can design anything you want. You get to design the social rules, the economic rules, the governmental rules. And those rules are going to prevail for

AP World History - The Earth and It's Peoples - Chapter 14-15 Outline

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Julia Leno Dr. Connellan ? 6 AP World History 24 November 2012 Chapter 14-15 Outline Great Khan Ogodei told his Confucian advisor that he planned to turn the heavily populated North China Plain into a pasture for livestock. Yelu (advisor) argued that taxing the existing cities and villages would bring greater wealth but the Khan took the gentler approach although the tax system he instituted was not the fixed-rate method traditional to China but the oppressive tax farming already in use in the Il-khan empires in the Middle East. Benefits of oppressive tax farming: Trade Science Technology Transportation Communication The Mongols also forced exchange of experts and advisers between eastern and western Eurasia. This led to the rapid spread of information, ideas and skills.

Macroecon - building up to monetary policy

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Definitions • MS • MB • Multiplier Tools • Open market operation (most used) • Discount loans/rate • Required reserve ratio Fiscal policy: the government affecting outcomes by using its budget Monetary policy: the government (fed) affecting outcomes via financial markets Money supply: quantity of money (M1) = currency + deposits Monetary base: Currency + reserves (except cash reserves) (M0) Reserves-> the banks’ account at the Fed (controlled by Feds) Imagine there’s no cash Imagine RRR = 10% Banks lives are simple- asset management Let’s say the Fed wants to engage in an open market purchase A L A L
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