The Age of Debt Bubbles

The Age of Debt Bubbles is a book on monetary policy and how money creation is produced by banks when they issue credit as loans, debunking fractional-reserve banking, and arguing that the debt-based monetary system creates the economic bubbles through excessive lending and therefor money creation that the Central banks have to pop through inverted yield curves and tight monetary policy, which causes unemployment to rise, job openings to fall, recessions, and depressions.

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