How the US Market-Based Credit System Works

Oct 30, 2015

∙ Paid

In a recent primary debate, Hillary Clinton suggested that risks in the financial system are now concentrated in ‘shadow banks’. I do not like this terminology. The so-called ‘shadow banking system’ is the very core of the US financial system. It is where money is manufactured and the price and quantity of credit determined. We shall use more neutral te…

Keep reading with a 7-day free trial

Subscribe to Policy Tensor to keep reading this post and get 7 days of free access to the full post archives.