Credit contraction
From Mises Wiki, the global repository of classical-liberal thought
Credit contraction is the reduction in outstanding circulation credit; or reversal of a prior credit expansion.
Note: Credit contraction has no reference to a reduction in commodity credit.[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-06-30.
Links
- Credit crunch at Wikipedia
