Credit Creation

Some articles on credit, credit creation, creation:

Austrian Business Cycle Theory
... The theory views business cycles as the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank ... believe that a sustained period of low interest rates and excessive credit creation results in a volatile and unstable imbalance between saving and investment ... This expansion of credit causes an expansion of the supply of money, through the money creation process in a fractional reserve banking system ...

Famous quotes containing the words creation and/or credit:

    Today, each artist must undertake to invent himself, a lifelong act of creation that constitutes the essential content of the artist’s work. The meaning of art in our time flows from this function of self-creation. Art is the laboratory for making new men.
    Harold Rosenberg (1906–1978)

    It is probable that the principal credit of miracles, visions, enchantments, and such extraordinary occurrences comes from the power of imagination, acting principally upon the minds of the common people, which are softer.
    Michel de Montaigne (1533–1592)