Why No Crisis Erupts When Real Saving Backs Up New Investment | Mises Wire

No economic crisis and consequent recession hit when the lengthening of the stages in the productive structure, a process we studied in the last chapter, results from a prior increase in voluntary saving, rather than from credit expansion banks bring about without the backing of any growth in rea
— Read on mises.org/wire/why-no-crisis-erupts-when-real-saving-backs-new-investment

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