Money supply vs dollar buying inverse relationship o

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Money Supply vs. Dollar Buying = inverse relationship o Money is debt; debt is money In 1835, debt was paid off by Jackson for the first time. o Jackson is on the $20 bill at the top of the bill, it says “Federal Reserve note” Interest; principal is the money supply Money borrowed from the bank must be returned with interest o If there were no debts in our money system, there would not be any money. The Light bulb Conspiracy The light bulb conspiracy is a theory that the leading manufacturers of incandescent light bulbs have conspired to keep the lifetime of their bulbs far below their real technological capabilities. o This way, they ensure the continuous demands for more light bulbs. o Hence, long-term profit for themselves. Planned Obsolecse Shelby, Ohio light bulb was created in 1901 o Its birthday (100 th ) was celebrated in 2001
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In 1881, Thomas Edison’s light bulb lasted 1500 hours 1929 Wall Street crashed; recession A new product is created every three minutes around the world 1981 long lasting light bulb was launched LED light bulbs last 25yrs “The world is big to satisfy everyone’s need, but it’s too small to satisfy individual greed.” -Gandhi
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