Mises Daily
Author:
Frank Shostak
Online Publish Date:
reiterated in parliament that the central bank will keep its ultra-easy monetary policy unchanged until the threat of deflation has gone. Also US Federal Reserve is not price rises but rather rises in money supply emanating from loose monetary policies of the central bank and fractional-reserve banking. Increases in the money powers. The weakening in the central bank controls gave impetus to a greater competition in the financial sector. This in turn through the fractional reserve