Rubber Band Economy
What is a rubber-band economy? Imagine the rubber material to be hard cash (currency in circulation) – notes, coins etc outside the central banks and the vaults of depositary institutions. Stretching it would mean that you have expanded credit. More stretch means more credit. More and more stretch – to the point that it breaks, […]
Podcast: Play in new window | Download (9.0MB) | Embed
Subscribe: RSS