... 1,000,000 Bank B 90,000 810,000 900,000 Bank C 81,000 729,000 810,000 Bank D 72,900 65 6,000 729,000 Bank E 65 ,60 0 590,000 65 6,000 Bank F 59,000 531,000 590,000 Bank G 53,100 478,000 531,000 Bank H ... which filters out of the banking sys-tem.37DN= d =d(1 – f) =1,000,000(0.85) = 5 ,66 6 ,66 7 m.u.f f 0.151 – f And the net credit expansion, x:x = DN– d = 4 ,66 6 ,66 7 m.u.Therefore we must ... Institute,2000), pp. 27 and 62 .272 Money, Bank Credit, and Economic Cycles just before they were reached, and therefore no end wouldever be achieved and human action would be senseless.9CAPITAL AND CAPITAL...