Re: Monetary Accomodation...Well Put

On 23 Jul 2005 13:44:52 -0700, "Lantern" <lantern@xxxxxxxxxxx> wrote:

>Yesterday Dr. Greenspan described the FED's efforts on "Monetary
>Policy" as... "Monetary Accomodation". The Fed plans to continue to
>decrease monetary accomodation by raising the Fed Funds rate.
>If only he had used Lantern's discovery of the term "Credit
>Accomodation"...he would have started us a track to improve our money
>system. Credit should not be called money because it misleads us all to
>think if we have credit, we have money, and we spend, spend, spend.

How do you define "money" as distinct from "credit"? Examples?

Would the economy be better with less spending?
.

Relevant Pages

  • Monetary Accomodation...Well Put
    ... decrease monetary accomodation by raising the Fed Funds rate. ... If only he had used Lantern's discovery of the term "Credit ... Accomodation"...he would have started us a track to improve our money ... Credit should not be called money because it misleads us all to ...
    (sci.econ)
  • Re: interest v. "usury"
    ... >>with rent paid to the use of fiat money. ... Time preference is apparently a hoax created to legitimize rent paid ... I'll take an infinite amount of credit at no interest, ... is part of the cost of this service. ...
    (sci.econ)
  • The Macroeconomics of Credit Money
    ... The Macroeconomics of Credit Money" by Professor ... Central banks do not, as the money-multiplier analysis presumes, ... Central banks are always able to buy unlimited quantities of assets ...
    (sci.econ)
  • The Credit Theory of Money
    ... Mitchell Innes presented an exposition of the Credit Theory of money, ... “pay” his debt. ... We can use these credits on the government ...
    (sci.econ)
  • Re: Rolling bubbles
    ... >>Increase in money supply as a result of using credit cards ... >>Increase in aggregate supply will reduce general level of prices. ... > There is currently about a trillion dollars of credit not actually ... > dollars worth of aggregate demand. ...
    (sci.econ)