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My Recent Posts
Wed 24 Aug, 2016 10:33 pm - Doh! OK, thanks for pointing that out. (view)
Tue 23 Aug, 2016 11:08 pm - I think it is right, and that you are in error. For example, if m = 5 and n = 2, just draw seven hash marks (short vertical lines) in a row on a piece of ruled paper. There is one qualifying... (view)
Sun 21 Aug, 2016 08:09 pm - Assume that n is nonzero. The probability is the number of permutations with at least one run of m or more heads ("qualifying permutations"), divided by the total number of... (view)
Sun 1 May, 2016 01:29 pm - Incidentally, it seems to me that the Fed's quantitative easing has fundamentally changed the way that the federal funds rate is determined. Because it created such large excess reserves,... (view)
Sun 1 May, 2016 12:57 pm - Let me take another stab at answering your question. The monetary base is increased whenever reserves are increased. But the money multiplier is determined by the percentage of deposits which... (view)
Sun 1 May, 2016 05:11 am - Note: The link above is out of date. The current federal funds rate is 0.50 percent: However, this is also the current... (view)
Sun 1 May, 2016 04:53 am - Note that the Fed only recently was granted the legal authority to pay private commercial banks interest on their reserves. Before the banking crisis, excess reserves were relatively small.... (view)
Sun 1 May, 2016 04:22 am - Banks are required by law to hold reserves equal to a fraction of the deposits held by customers at their banks. Banks generally try to keep reserves to the legal minimum, because reserves (kept... (view)
Sun 1 May, 2016 03:05 am - He might reply that both Johnson and the rock are mental phenomena. Certainly Johnson's pain would be too, though as an observer Berkeley would have no access to that and would be free to... (view)
Fri 29 Apr, 2016 06:27 pm - Unlike gold, error is commonplace. I find it interesting that you keep close track of mine over a period of months, and appear to take a gloating pleasure in publicizing them. If I were to... (view)
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