Tag: sheng

Trumping The International Monetary System By Andrew Sheng And Xiao Geng

Monetary SystemThis 52-page pocket sized booklet incorporates the United States Constitution (including The Bill of Rights and Amendments 11-27) and The Declaration of Independence. Its dimensions are three.25″ X 6.5″.

Commercial banks grant loans by creating account cash to be able to maximize their interest revenues. The more money they difficulty the upper their profits – as long as the debtors are in a position to pay. In times of economic growth banks most willingly grant loans so as to revenue from the increase whereas in occasions of financial decline their granting of credit score is very restrictive as a way to reduce their risks. This is how industrial banks induce an oversupply of money in booms and an undersupply of cash in recessions amplifying business cycles in addition to financial market fluctuations and creating asset bubbles in actual property and commodities which may cause heavy damages to society and to … Read more