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How Do We Explain the Policy Paralysis We See in California

question 13

Essay

How do we explain the policy paralysis we see in California government today?


Definitions:

M3

A broad measure of a country's money supply that includes M2 plus large time deposits, institutional money market funds, and short-term repurchase agreements.

Small Denomination

refers to currency or financial instruments that have a low face value.

Large Denomination

Refers to currency notes or financial instruments issued in high value amounts, simplifying large transactions or investments.

M2

A metric assessing the volume of monetary assets available, comprising both physical cash, deposits in checking accounts, and liquid assets like savings deposits and money market investments.

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