Does a Fall in Credit Lead to Deflation?
"A fall in normal credit (i.e., credit that has an original lender) doesn't alter the money supply and hence has nothing to do with deflation."
"A fall in normal credit (i.e., credit that has an original lender) doesn't alter the money supply and hence has nothing to do with deflation."
In light of the recent multitude of chances for the population at large to be gently introduced to the shenanigans of our Federal Reserve System, I have hope that the lights may come on for enough people before it is too late.
Given that we have rising unemployment, a reduction in minimum-wage rates might bring relief to some unemployed workers.
"Thus, the famous 'one-in-eight' hungry Americans include all Americans living in households that, until 2005, were described as food insecure, but without hunger."
it needs to be noted that the hypothesis of the superneutrality of money is expressive of the empiricist-positivist approach of modelling economics according to the natural sciences.
"Some illnesses are not insurable without destroying the insurance system."
"For more deadly epidemics the importance of competition cannot be overstated."
Mises not only outlined the consequences if the government continues to increase the money supply, he also outlined a monetary reform plan.
"Instead of buying up toxic assets, the TARP money was used to partially nationalize the banking industry."