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Book Information
143 pages • digital • 1 edition
ISBN/UID: B00C7CTK2S
Format: Digital
Language: English
Publisher: Laissez Faire Books
Edition Pub Date: Not specified
Description
In a market, banks want to lend; they are restrained by risk. Government guarantees encourage risky lending. Artificially low interest rates — always cheered by indebted governments — signal to borrowers that there are more savings in the system t...
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143 pages • digital
ISBN/UID: B00C7CTK2S
Format: Digital
Language: English
Publisher: Laissez Faire Books
Edition Pub Date: Not specified
Description
In a market, banks want to lend; they are restrained by risk. Government guarantees encourage risky lending. Artificially low interest rates — always cheered by indebted governments — signal to borrowers that there are more savings in the system t...