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Irish Central Bank Credit Statistics October 2008

Citation added: November 29th, 2008, 6:47 am
Monthly statistics from the Irish central bank show a fall in private sector credit. That is, monetary defaltion has set in in Ireland.
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Mises on Money

Citation added: October 6th, 2008, 1:34 am
A book on Austrian economics and the monetary thesis of Ludwig von Mises.
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Icelanders Tighten Belts, End Spending Spree as Recession Looms

Citation added: September 15th, 2008, 7:53 am
Iceland deals with the fallout as its grossly enlarged banking system begins to stumble. The resemblence to Ireland is striking. Many Icelanders now want to join the Euro for monetary stability. Hmm. :-|
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Douthwaite: Why our economy needs inflation

Citation added: September 15th, 2008, 5:15 am
Richard Douthwaite argues for inflation to lift the debt burden from the Irish people.
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Breaking the Bank - Page 3/5

Citation added: August 11th, 2008, 5:49 am
Page 3 of 5 in Richard Douthwaite's analysis of the Irish banking system. Here he notes the risk posed by credit contraction to any banking system, "progressively more difficult for people to service their debts because, when the money supply is shrinking, there's less liquidity available out of which they can make the payments as they fall due".
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