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1992 | OriginalPaper | Chapter

The Quality of Debt

Author : Charles P. Kindleberger

Published in: Profits, Deficits and Instability

Publisher: Palgrave Macmillan UK

Included in: Professional Book Archive

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Much of macroeconomic analysis, outside of fiscal policy, runs in terms of the quantity of money. Velocity is assumed to be constant, or to vary only within narrow limits. Control the money supply, the monetarists claim, and you control national income, more or less, but at any rate within a comfortable range.

previous chapter The Impact of Changing Profitability on the Supply Side of the Economy
next chapter Rising Debt in the Private Sector: A Cause for Concern?
Metadata
Title
The Quality of Debt
Author
Charles P. Kindleberger
Copyright Year
1992
Publisher
Palgrave Macmillan UK
Book
Profits, Deficits and Instability

Print ISBN: 978-1-349-11788-8

Electronic ISBN: 978-1-349-11786-4

Copyright Year: 1992

DOI
https://doi.org/10.1007/978-1-349-11786-4_10