Mises Daily

Understanding True Credit and False Credit

Mises DailyMarch 5, 2015
True credit can only expand if the stock of real savings and real wealth expands. Unfortunately, fractional reserve banking and central banks facilitate the expansion of false credit which diverts resources from true wealth producing activities.

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Five Steps to Fixing Greeceā€™s Debt Problem

Mises DailyMarch 4, 2015
The Europeans have decided to limit funding and credit extended to the Greeks. This puts the Greek financial system under pressure, but there are free-market solutions that could set the Greeks on the path to a sound economy.

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