92% of the world's wealth is stored in hard drives in the form of binary codes 01010101 .... subject to the risk of crash..



Economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a

computer hard drive, in electronic bank accounts around the world.

Just wondering, if everybody goes to bank to withdraw all his or her deposits, banks all over the world will fail instantly......



Nobel Prize-winning economist Milton Friedman rightly puts it, "the pieces of green paper have value

because everybody thinks they have value."



So who would you prefer, cow or cash ?... Of course cow, cow can give milk but cash cannot.... in extreme scenarios..

92% of the world's wealth is stored in hard drives in the form of binary codes 01010101 .... subject to the risk of crash..

Economists estimate that only 8 percent of the world's currency exists as physical cash. The rest exists only on a
computer hard drive, in electronic bank accounts around the world.
Just wondering, if everybody goes to bank to withdraw all his or her deposits, banks all over the world will fail instantly......

Nobel Prize-winning economist Milton Friedman rightly puts it, "the pieces of green paper have value
because everybody thinks they have value."

So who would you prefer, cow or cash ?... Of course cow, cow can give milk but cash cannot.... in extreme scenarios..

A Bunch of good sites............ ................


A great blogger ------------ widdershins A great Blogger

A cool site on economics ------------- Arnoldkling

Again economics del.icio.us/mg/economics

How to write a resume How to Write a Resume

Dollar (Neither you want to live with Nor you can leave it :)
----------------------------------------------------------------
The future of the dollar The passing of the buck? Economist.com

Arundhati Roy..... Awesome Site.... Must see
--------------------------------------------------

Arundhati Roy


I love economics....
--------------------------------
International Trade Theory & Policy Analysis

U.S. WEAPONS AT WAR 2005:
PROMOTING FREEDOM OR FUELING CONFLICT?U.S. Military Aid and Arms Transfers Since September 11
-----------------------------------------------------------------
Report: U.S. WEAPONS AT WAR 2005

Your existence has more meaning now ........ what do u say...

---------------------------------------------------------------------------

A Bunch of good sites............ ................


A great blogger ------------ widdershins A great Blogger

A cool site on economics ------------- Arnoldkling

Again economics del.icio.us/mg/economics

How to write a resume How to Write a Resume

Dollar (Neither you want to live with Nor you can leave it :)
----------------------------------------------------------------
The future of the dollar The passing of the buck? Economist.com

Arundhati Roy..... Awesome Site.... Must see
--------------------------------------------------

Arundhati Roy


I love economics....
--------------------------------
International Trade Theory & Policy Analysis

U.S. WEAPONS AT WAR 2005:
PROMOTING FREEDOM OR FUELING CONFLICT?U.S. Military Aid and Arms Transfers Since September 11
-----------------------------------------------------------------
Report: U.S. WEAPONS AT WAR 2005

Your existence has more meaning now ........ what do u say...

---------------------------------------------------------------------------

What exactly is the Fiscal Deficit?

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The fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowing).



The elements of the fiscal deficit are (a) the revenue deficit, which is the difference between the government’s current (or revenue) expenditure and total current receipts (that is, excluding borrowing) and (b) capital expenditure.



The fiscal deficit can be financed by borrowing from the Reserve Bank of India (which is also called deficit financing or money creation) and market borrowing (from the money market, that is mainly from banks)

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What exactly is the Fiscal Deficit?
--------------------------------------------------------------

The fiscal deficit is the difference between the government's total expenditure and its total receipts (excluding borrowing).

The elements of the fiscal deficit are (a) the revenue deficit, which is the difference between the government’s current (or revenue) expenditure and total current receipts (that is, excluding borrowing) and (b) capital expenditure.

The fiscal deficit can be financed by borrowing from the Reserve Bank of India (which is also called deficit financing or money creation) and market borrowing (from the money market, that is mainly from banks)
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