Credit Out of “Thin Air” Brings Wealth Destruction

Tags: Booms and Busts, The Fed, Inflation, Monetary Policy

09/01/2026 Frank Shostak

Federal Reserve policy has been to expand credit out of nothing without regard for the real damage it does to the economy.

Original article: https://mises.org/mises-wire/credit-out-thin-air-brings-wealth-destruction

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