What is credit creation?

Some articles on credit, credit creation, creation:

Austrian Business Cycle Theory
... consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to remain too low for too long ... 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:

    Books choose their authors; the act of creation is not entirely a rational and conscious one.
    Salman Rushdie (b. 1947)

    The most threatened group in human societies as in animal societies is the unmated male: the unmated male is more likely to wind up in prison or in an asylum or dead than his mated counterpart. He is less likely to be promoted at work and he is considered a poor credit risk.
    Germaine Greer (b. 1939)