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- Search found 2 items for:
- Money and Banking
- George Reisman
- 2008
Mises Wire
Author:
George Reisman
Online Publish Date:
Credit expansion is responsible not only for the boom-bust business cycle, as Mises showed, but also that it is a major source of artificial economic inequality and sharply increases profits relative to wages. These are processes that come to an end and are actually thrown into reverse as soon as credit expansion stops and the recession/depression