On 2/22, we expanded on inflation and deflation, and he told us how to add and subtract money from the economy, as needed, and the two "toolboxes" used to do so. The fiscal toobox, he said, is made up of Congross and the Executive Branch of the government. They regulate the money by introducing legislation to change tax rates, start programs, and build roads. The monetary toobox is controlled by the Federal Bank, and its roles are as a check clearing house, bank lender, to alter reserve requirements, and to alter interest rates. He explained (as shown below) how altering reserve requirements and interest rates can change the amount of money in the economy.

This is the kind of boring, uninteresting thing we do in class now. Only, I usually don't draw pictures. In fact, I usually don't even take notes. I only like to note about what I want to share with you guys, and this is the kind of stuff I don't think is interesting enough to bore you with. Except for the pictures. That's kinda cool.