TITLE

Retreat of the Shadow Lenders

AUTHOR(S)
Brown, Ellen
PUB. DATE
August 2009
SOURCE
Progressive Populist;8/1/2009, Vol. 15 Issue 13, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of money supply in the U.S. It is stated that the decline in lending could be explainedd through the fact that most of the money comes into existence as bank loans. The U.S. Federal Reserve System Chairman Ben Bernanke assures the Congress that it will not monetize debt despite of the issue. Bernanke believes that either spending cuts or tax increases will be relevant in stabilising the fiscal situation.
ACCESSION #
43671387

 

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