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What we need is a real form of money creation.
Money creation should be in the hands of the people rather than a select few.
The normal process of money creation is taking place within the banking system.
Debt is a major source of money creation in modern economies.
Banks also refer to this process as book entry credit or money creation.
To stop a raging inflation, the fledgling Government must control money creation.
And because of this, private banks are almost fully in control of the money creation process.
Obviously both public and private sector money creation agencies can be a source of problems if not restrained.
Once the US went off the gold standard, it became free to engage in such money creation.
It is only government deficits and consequent money creation that cause inflation.
The banks were allowed to take over the money creation however we the public had a choice to sign up for this "easy" money.
Bankers pay themselves obscene salaries because they have managed to take complete control of the money creation process.
As as been said above - we are nowhere near money creation at a level that will lead to any serious inflation.
The process of money creation usually goes as follows:
In modern economies with fractional-reserve banking, money creation follows a two stage process.
In the long run, only real savings, not money creation, can finace real economic expansion.
Some predicted a third bout of quantitative easing - money creation - from the Fed.
While money creation is now rising at a slower rate, inflation usually lags it by six to nine months, he added.
And the lesson is relieve them of their money creation powers but not their risk assessment.
Money creation should either be banned (Austrian school) or be a government privilege.
Another motive for excessive money creation has been self-dealing.
The Communists would make huge infrastructure investments and cut taxes, while limiting inflation through the tight control of money creation.
Modern Monetary Theory - State backed control of money creation.
It is this reckless money creation, not the barely begun reforms, that has pummeled Russia's economy.
The proposed cures (bailouts, more money creation, and stimulus spending) will just make matters worse.