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If the government of the US can print money and spend it on public services, then why does it need to tax people? Taxation is how taxpayers contribute to the expenditure on public services they will benefit from (health, education, infrastructure...etc)...but now that Fed found a source of...

Hi David, Taking the above into consideration and given that most students probably err on the side of caution I think a 'crib/cheat sheet' for the distributions would be very helpful. I've got in mind (as I've just made one myeself) a one page sheet with about 10-12 distributions down the...

Splendid description! I will certainly look at getting Tuckman in the very near future - thanks a bunch for the comparison, not silly at all. Cheers

Excellent, thanks Aleksander. I have Fabozzi - worth updating to Tuckman?

David, This is a great explanation - really appreciate your never ending efforts to explain these things in an easy manner. :) Thanks, Mark

Hi David, Not a question, just to add that the FR is a very useful addition. Thanks a lot

Hi Suzanne, Thank you for this! Can I claim the Amazon voucher please - GBP if possible! Many thanks again, Mark

Perfect, thanks David. Mark

Hi guys, First BT forum post...and it's just a little clarification question. We have: Modified Duration = (dP/P)/dy = -(1/1+y)*Macaulay Duration as above But at this link: http://www.bionicturtle.com/how-to/article/modified_vs_macaulay_duration/ We don't have a minus sign? Thanks...