The Destructive Force Of Bank Credit
Apr 19th 2020 7:00am EDT
The Destructive Force Of Bank Credit Authored by Alasdair Macleod via GoldMoney.com, Commentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it. Central banks always ensure their stimulus is greater, so inflation, not deflation, is always the outcome. In order to […]
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