Money Creation: An Introduction
(0 User reviews)
69
978-87-403-0603-3
Books at bookboon.com
2013
For reading a book, Please sign in to your account.
loginHave you ever sat back and thought about what money really is, and what “backs it up”, if anything? Have you wondered what causes the amount of money circulating in the economy to increase every year? Instinctively you will know that it does because prices generally increase every year – slightly in some and more-than-slightly in others1 – and know instinctively that the cause is an increase in the amount of money in circulation. The maxim that inflation is caused by too much money chasing too few goodshas probably floated through your consciousness a few times.
