MONEY, BANK CREDIT, AND ECONOMIC CYCLES phần 7 docx

... money. 50 Nevertheless 542 Money, Bank Credit, and Economic Cycles and also “Business Cycles: Real Facts and Monetary Myth,” Federal Reserve Bank of Minneapolis Quarterly Review 14 (1990): 3–18. Authors of these and ... from the new investment would have to be saved. 65 552 Money, Bank Credit, and Economic Cycles 65 Hayek, The Pure Theory of Capital, pp. 378...

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... safeguard and main- tain intact 100 percent of the tantundem. 74 82 Money, Bank Credit, and Economic Cycles 74 Cipolla indicates that in the 1 570 s, the Ricci Bank could no longer meet demands for ... total assets and was therefore inadequate to meet the bank s obligations during the recession period. 62 The Medici Bank eventually failed and all 74 Money, Bank...

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... equal quantity and quality (the tantundem). Nevertheless, even though a 178 Money, Bank Credit, and Economic Cycles [t]he bank is expert on where its loans should be made and to whom, and reaps the ... a deposit and hands over the money based on that assumption, and the other receives the money as if it were a loan or mutuum and based on that 140 Money, Bank Cr...

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... Institute, 2000), pp. 27 and 62. 272 Money, Bank Credit, and Economic Cycles just before they were reached, and therefore no end would ever be achieved and human action would be senseless. 9 CAPITAL AND CAPITAL ... 1,000,000 Bank B 90,000 810,000 900,000 Bank C 81,000 72 9,000 810,000 Bank D 72 ,900 656,000 72 9,000 Bank E 65,600 590,000 656,000 Bank F 59,00...

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... profit and interest. 52 330 Money, Bank Credit, and Economic Cycles 50 See David Ricardo, The Works and Correspondence of David Ricardo, vol. 1: On the Principles of Political Economy and Taxation, ... remained 366 Money, Bank Credit, and Economic Cycles 75 The additional demand on the part of the expanding entre- preneurs tends to raise the prices of producer...

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... determinants of eco- nomic activity. 27 428 Money, Bank Credit, and Economic Cycles 27 F.A. Hayek, “Intertemporal Price Equilibrium and Movements in the Value of Money, p. 97; italics removed. Even more ... exactly when and under 462 Money, Bank Credit, and Economic Cycles 62 Machlup, The Stock Market, Credit and Capital Formation, p. 92. This book by Machlup...

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... revealed the economic equivalence of bank bills and deposits and did so more explicitly than even Condy Raguet. Specifically, Gallatin wrote: 626 Money, Bank Credit, and Economic Cycles 48 Reprinted ... Law’s, 614 Money, Bank Credit, and Economic Cycles vol. 4; and also in Several Papers Relating to Money, Interest, and Trade, Etcetera (New York: Augustu...

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... boom and recession in 177 0, 177 2, 177 8, 179 3, 179 7, 1802 –1803, 1809–1810, 1810–1811, 1818–1819, 1825–1826, 1836–18 37, 1839, and 1845–18 47. In other words, even though in relative terms fewer bank ... expansion of credit, from prom- issory notes and their monetization, and from the specula- tion this expansion fueled and made possible. 16 72 8 Money, Bank Credit,...

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... Editorial, 1998). 816 Money, Bank Credit, and Economic Cycles ——, New Studies in Philosophy, Politics, Economics and the History of Ideas (London: Routledge and Kegan Paul, 1 978 ). ——, ¿Inflación ... joint, coordinated 79 8 Money, Bank Credit, and Economic Cycles had been backed by a 100 percent reserve and mutual funds had been created with the system’s assets...

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