The Evolution of Creditary Structures and Controls |
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| Author:
| Gardiner, G. |
| ISBN: | 978-0-230-28844-7 |
| Publication Date: | Apr 2006 |
| Publisher: | Palgrave Macmillan
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| Book Format: | Ebook |
| List Price: | USD $125.00 |
Book Description:
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The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.
The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.