Prada stores carry a few obscenely expensive items in order to boost sales for everything else (which look like bargains in comparison). People used to download music for free, then Steve Jobs convinced them to pay. How? By charging 99 cents. That price has a hypnotic effect: the profit margin of the 99 Cents Only … Continue reading VALUE PRICE marginal utility
Tag: Philip Pilkington
Monetary fiscal US UK Can Fed BoE BoC Brazil
maroonmacro 25-6-2022 Issue #53: The Origins and Evolution of the Modern Monetary System - Part 9: "Securitization" – Repo as a Driver of Securitization "Recall that there are a few fundamental innovations that have radically transformed our monetary and banking system in the post-WWII era: "Liability Management (a.k.a. “wholesale finance”) – the expansion of banking … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil