Money creation via debt has consequences, especially when the „level of private debt grows faster than income“ and the financial markets see „an increase in the share of speculative loans in the total volume of credit“. What about the benefits of „productive credit creation“ instead?
Posts Tagged ‘Credit’
On the subject of „productive credit creation“
März 30th, 2020
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Money lies disguise banking truths
April 17th, 2013
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Economist Norbert Haering, discussing “the veil of deception over money“, argues that closely limited and clearly specified interests distort deliberately the true nature of banking. The vast majority of money in circulation, he says, isn’t issued by central banks but by private financial institutions.
