Jan
22nd
Fri
22nd
Credit Expansion As Tool To Limit Social Unrest
Albert Edwards, chief strategy of Societe Generale backs up my theory of credit expansion used purposely to reduce tensions in an unequal society …
Hence, while governments preside over economic policies which make the very rich even richer, national consumption needs to be boosted in some way to avoid underconsumption ending in outright deflation. In addition, the middle classes also need to be thrown a sop to disguise the fact they are not benefiting at all from economic growth. This is where central banks have played their pernicious part.
