Inflation: The Rumors of its Death are Greatly Exaggerated

Tags: Interventionism, Big Government, U.S. Economy

05/06/2019 Douglas French

The real money-creating machines are commercial banks. Loan dollars become deposit dollars. Lots of lending means the money aggregates increase. Little lending means the opposite.

Original Article: “Inflation: The Rumors of its Death are Greatly Exaggerated.

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