Credit Expansion

Some articles on credit expansion, credit:

Austrian Business Cycle Theory - Assertions
... cycle of "malinvestment" is generated by excessive and unsustainable credit expansion to businesses and individual borrowers by the banks ... This credit creation makes it appear as if the supply of "saved funds" ready for investment has increased, for the effect is the same the supply of funds for investment ... available for long term projects when in fact the pool of available funds has come from credit creation - not real savings out of the existing money supply) because the ...
Austrian School - Theory - Business Cycles - Assertions
... is generated by excessive and unsustainable credit expansion to businesses and individual borrowers by the banks ... This credit creation makes it appear as if the supply of "saved funds" ready for investment has increased, for the effect is the same the supply of funds for ... term projects when in fact the pool of available funds has come from credit creation - not real savings out of the existing money supply) because the debasement of the ...

Famous quotes containing the words expansion and/or credit:

    Artistic genius is an expansion of monkey imitativeness.
    W. Winwood Reade (1838–1875)

    The world is a puzzling place today. All these banks sending us credit cards, with our names on them. Well, we didn’t order any credit cards! We don’t spend what we don’t have. So we just cut them in half and throw them out, just as soon as we open them in the mail. Imagine a bank sending credit cards to two ladies over a hundred years old! What are those folks thinking?
    Sarah Louise Delany (b. 1889)