During which surveys were conducted at 3 points. baseline, midline, and endline, to study the impact of cash transfers on households.

I'm going to show you about leverage.

Water level

So, assets are equal to 1,000 gold pieces.

High level LaTeX frontend

I'll actually talk about how leverage is regulated within banks, but just to give you another measure of leverage because this measure I gave you if someone says 10 3

One is leverage.

Let's go to Madurai, India and test it.

The dependent variable, we can think of this is being measured two different ways.

His work has come up to the standard.

There's a couple of really big problems that are still sitting there.

There is an urgent need for improved living conditions.

It takes about 20 minutes to create the acidified water in one of the chambers.

Korea shows you what's possible in education.

let's say I have a 50 loss on these loans that I made.

These people go to bed hungry.

Prepare a solution, 30 parts saline.

The river's water level has risen.

His work is not up to standard.

Where the hell have you been? Mom...

This next chart looks at more recent data.

I've got a good stereo at home. So, I'm not going to go.

This is an absolutely staggering chart.

And that's what leverage is a measure of, because if you have really high leverage, then you notice, when we had no leverage, you could take a 50 loss really easy, but now that we had even 10 3 leverage, even a 50 loss wiped us out.

Living standards should be higher.

If I have a nice sofa, and a TV set, and I go on vacations, that's consumption.

We adjust our baseline to the new level, and we don't recall what was there.

So in the next video,

The world's educational standards disappoint me.

We're saying that we're spending 60 of our money on apples, 40 on bananas in that base year and that this is just that base year level of prices.

He didn't meet the standards.

Pollution in lake Springfield will be at this level.

The scan in a couple of years will be one terabyte, or 800,000 books.

(Laughter) So, a normal commercial bank has nine to 10 times leverage.

The Federal Reserve cut its benchmark discount rate to an 18 year low.

They have one of the highest literacy rates in Latin America and in the world.

I don't think that's working anymore.

Last year's output of coal fell short of the standard.

And we have explored reserve requirements and all that.

And now this is the early era of wearable robotics.

It might change my behavior.

It ended up being just on reserve ratios, this one.

However, in my life over the past 20 years, in my opinion,

Corporate bankruptcies continued at a high level last month.

So if you actually look at this chart, we're already kind of on an inflationary spectrum.