Real Savings and Lending: What Is the Relationship?
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
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Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Episodes that made a difference involved an ideological and philosophical battle about policy and the role
Our troubles don't stem from quotas, set-asides, and the like. They stem from the presumption that