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Lending without Saving Brings Recession and Poverty
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Original Article: Lending without Saving Brings Recession and Poverty
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By Mises Institute
4.7
9393 ratings
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Original Article: Lending without Saving Brings Recession and Poverty
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