Mises Daily
Author:
Frank Shostak
Online Publish Date:
concern among some commentators that the current, extremely loose monetary policy of the US central bank could fuel another round of asset-price bubbles. This from lender to borrower — and no change in the money supply). The Fed’s Monetary Policies and Asset-Price Bubbles It must be realized that without the support from lends fictitious claims or money out of thin air. Conversely, as the number of competitive banks diminishes, that is, as the number of clients per bank rises, the