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The Theory of Money and Credit - Wikipedia Project on money and credit


The Theory of Money and Credit is a 1912 economics book written by Ludwig von Mises, originally published in German as Theorie des Geldes und der Umlaufsmittel.In it Mises expounds on his theory of the origins of money through his "regression theorem", which is based on logical argumentation, not historic explanations.
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Chapter 05 MONEY AND CREDIT The role of the financial system is to intermediate between lenders and borrowers, providing a menu of saving vehicles with differing risk and return characteristics. Financial intermediaries help the investors find the financing they need, taking into account the returns and risks on the project they wish to undertake.
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