Use of the three keys, third example-Investment on the basis of monetary creation

Jacques Riboud

Chapter 9 in The Mechanics of Money, 1980, pp 100-115 from Palgrave Macmillan

Abstract: Abstract In 1975, monetary liquidities in France increased by 58,000 millions. This means that the holders of money suffered a reduction of 58,000 million francs, or almost a sixth, in the value of their total monetary assets, this being the difference between the money that was added and the money that was destroyed. This reduction in resources was the direct consequence of the fact that the first holders of the new money consumed or invested goods and services without having made an equivalent contribution in the form of new goods and services produced and earned, whereas the final holders of units of money before they were destroyed had made a restoration to total available resources, in order to earn the money, by producing without consuming.

Keywords: Central Bank; Banking System; Money Supply; Saving Account; Saving Bank (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-05112-0_10

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