tag:blogger.com,1999:blog-2761684730989137546.post595930536557627487..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Brian Romanchuk — The Price Level Does Not Existmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-45005775562749534102017-10-01T11:47:51.155-04:002017-10-01T11:47:51.155-04:00Well if there was one bank, and they were running ...Well if there was one bank, and they were running at a set point on their leverage ratio of 0.1, and they had $1M in capital, if somebody went to them to finance a building they had built, the price would be 0.1 = ($1M/P)<br /><br />Solve for P to get the price...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-63732033219278216552017-10-01T11:17:22.323-04:002017-10-01T11:17:22.323-04:00An excellent piece by Brian. Definitely recommende...An excellent piece by Brian. Definitely recommended. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.com