Monetary circuit theory
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Author Topic: Monetary circuit theory  (Read 345 times)
Free Trade is managed by the invisible hand.
HoffmanJohn
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« on: March 03, 2010, 03:47:49 PM »
It holds that money is created endogenously by the banking sector, rather than exogenously by central bank lending; it is a theory of endogenous money. It is also called circuitism and the circulation approach.
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