And we could assume that all this incremental borrowing, so this little example that I did right over here, all this incremental twenty billion dollars of borrowing is going to be spent.

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Corporate borrowing from financial institutions is rising due to the low interest rate.

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But the whole point of open market operations is to set this overnight borrowing rate.

Borrowing and lending dollars, the overnight rate for banks will go down because there's more dollars out there, the cost of borrowing them will go down.

The incremental advances have added up to something which is not incremental anymore.

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I'm talking about base money right over here then the overnight borrowing rate between banks will go down.

Borrowing creatures. How many?

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So, you know, sometimes it's incremental.

His slide into criminality was incremental.

I'm essentially borrowing 100, right?

I'm borrowing the copying machine.

I am only borrowing it.

Mayama I'm borrowing your car

So we are getting really incremental solutions.

So if you can deduct 100 in interest and property tax, if your marginal tax rate is 30 so that means at what rate are you being taxed on every incremental dollar.

Because it's not just amateurs borrowing from big studios, but sometimes big studios borrowing back.

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The price of money will go down, that's what the federal funds rate is, it's the target rate, so I'll say Fed Funds Rate, it's the target rate that the Fed sets for the overnight borrowing of reserves between banks, that's the Federal Funds Rate, and it will go down and that's how the Fed tries to set the Federal Funds Rate.

lower the interest rate for people buying and selling dollars, or I should say borrowing and lending dollars, not buying and selling.

Do you remember borrowing his book?

Those who like borrowing dislike paying.

Now let me do my borrowing.

It involves a lot of borrowing.

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Maybe your payday is two weeks from the day that you're borrowing it, borrowing the money.

So people were borrowing from the Fed, or borrowing in general, but they weren't lending out again.

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But some of them have been much more incremental.

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