Dinero, Credito Bancario Y Ciclos Economicos [Perfect Paperback] Jesus Huerta De Soto by Hernando de Soto
A rigorous Austrian-school analysis arguing that credit expansion and fractional-reserve banking—especially when intertwined with central banking and government intervention—distort interest rates, misallocate capital, and generate recurrent business cycles; the book traces the theoretical and historical roots of monetary disturbances, explains how artificial credit lowers the structure of production and causes malinvestments, and proposes institutional reforms (including stricter banking restraints and sound-money arrangements) to prevent recurring booms and busts.
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- Alternate Titles
- - Money, Bank Credit, and Economic Cycles
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