The Evolution of Creditary Structures and Controls
| By: | G. Gardiner |
| Publisher: | Springer Nature |
| Print ISBN: | 9781403987532 |
| eText ISBN: | 9780230288447 |
| Edition: | 0 |
| Copyright: | 2006 |
| Format: | Page Fidelity |
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Table of Contents
The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.