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Olduvai III: Catacylsm
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Do Banks Require Savings to Accommodate Demand for Lending?

DO BANKS REQUIRE SAVINGS TO ACCOMMODATE DEMAND FOR LENDING? There is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion of money. This way of thinking is promoted these days by the followers of the post Keynesian school of economics (PK).[1] In a […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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