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October 31, 2022
Does Bank Lending by Itself Set Off Boom and Bust Cycles?
By Frank Shostak
What happens when banks lend money? It depends on the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.

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Central Banks Claim to Preserve the Value of Money through Inflation
By Andreas Granath
Central banks claim that their main purposes are to help an economy maintain high rates of employment and price stability. Ironically, they claim to do this through inflation targets.

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