Unrestrained Credit In A Credit Economy, The Credit Cycle, And Fiat Money Defy Monetarism In The Attempt to Control Price Level Changes
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Keywordsfiscal policy; inflation; credit cycles; credit economy; monetarism; aggressive business practices; commodity money; exchange ratios; crisis of doubt; fiat money; interest rate policy; unrestrained consumer credit; purchasing power; realignment of relative prices;
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2008-08-21 (All new papers)
- NEP-MAC-2008-08-21 (Macroeconomics)
- NEP-MON-2008-08-21 (Monetary Economics)
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