INDREA GOYAL

An original song combining advanced economic concepts and common rhythms found in rap music

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I've got my assets
That government debt
Which is the T-bills
And they’re straight from the treasury
Yeah you can feel this money

Then there are the liabilities
The monetary base
With the circulating currency
These bank reserves love Indy G
But I ain’t got no fees
'Cause just wait and you’ll see

I got my bonds on the balance sheet (the bonds on the balance sheet)
The bonds on the balance sheet (the bonds on the balance sheet)
The money’s flowing freely and it’s making all the heat
I got my bonds on the balance sheet (the bonds on the balance sheet)

Let’s break it down
So the Fed buys the bonds
Which means they’re buying all the debt
Then they give cash to banks
So their spirits do not tank
But if the Fed sells the bonds
Then they get their money back
Money’s leaving the economy
That’s monetary policy

Still got my bonds on the balance sheet (the bonds on the balance sheet)
My bonds on the balance sheet (the bonds on the balance sheet)
The money’s flowing freely and it’s all thanks to Indy G

I got my bonds on the balance sheet (the bonds on the balance sheet)

Onto the money market
With the MS and MD
The MD slopes down
'Cause of a decrease in spending
MS controlled by the Fed
With all the MP tools
There is easy MP, tight MP
MP is so cool
And the MD is determined
Institutionally
Through technology
And GDP
I’ve got the keys to the

Bonds on the balance sheet (the bonds on the balance sheet)
The bonds on the balance sheet (the bonds on the balance sheet)
The money’s flowing freely and it’s making all the heat
I got my bonds on the balance sheet (the bonds on the balance sheet)

LFM (LFM, LFM, LFM)
The loanable funds market’s
Got supply and demand
Determined by
Expectations, borrowing, saving
These are important things
And there’s crowding out too
But hey you know what’s new

I’ve got my loans on the balance sheet (the loans on the balance sheet)
The loans on the balance sheet (the loans on the balance sheet)
The money is not mine but ev’rything is fine
I got my loans on the balance sheet (the loans on the balance sheet)

The bonds on the balance sheet (the bonds on the balance sheet)
The bonds on the balance sheet (the bonds on the balance sheet)
The money’s flowing freely and it’s making all the heat
I got my bonds on the balance sheet (the bonds on the balance sheet)