Tag Archives: deleveraging

What economists need to know about the modern money creation process

by Manmohan Singh and Peter Stella, Voxeu The world of credit creation has shifted over recent years. This column argues this shift is more profound than is commonly understood. It describes the private credit creation process, explains how the ‘money … Continue reading

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The Fed: Continuing Down the Path of Desperation

by Erik McCurdy, Promethius Market Insight Editor’s note: This appeared Wednesday 20 June 2012 as the Prometheus Daily Investing Thought on the Global Economic Intersection front page. The Federal Reserve announced today that it will continue to hold short-term interest rates … Continue reading

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Recovery by Deleveraging?

My conclusion? If deleveraging is needed, stimulatory monetary and fiscal policies should accelerate the process. Continue reading

Posted in Economics, Federal Reserve, Government | Tagged , , , , , , | 2 Comments