Latest Additions: www.footnotez.org http://www.footnotez.org/feed/ 2008-12-02T13:23:05+01:00 text/html 2008-11-29T06:47:00+01:00 http://www.footnotez.org/money-citations/#1 Monthly statistics from the Irish central bank show a fall in private sector credit. That is, monetary defaltion has set in in Ireland. text/html 2008-10-06T01:34:00+01:00 http://www.footnotez.org/money-citations/#2 A book on Austrian economics and the monetary thesis of Ludwig von Mises. text/html 2008-09-15T07:53:00+01:00 http://www.footnotez.org/money-citations/#3 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. :-| text/html 2008-09-15T05:15:00+01:00 http://www.footnotez.org/money-citations/#4 Richard Douthwaite argues for inflation to lift the debt burden from the Irish people. text/html 2008-08-11T05:49:00+01:00 http://www.footnotez.org/money-citations/#5 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".