One of the mysteries of the English language finally explained.
- ‘The conventional wisdom among economists is that prolonged deficits will raise interest rates as borrowers are crowded out of credit and loanable funds markets, thus negatively affecting long-term economic growth.’
- ‘Mainstream economists have long argued that persistent deficit spending crowds private investors out of capital and loanable funds markets, thus raising interest rates and lowering long-term economic growth.’
- ‘Professor Robertson implies… that the loanable funds theory has a close connection with the ‘real forces’ of ‘productivity and thrift’ which is absent in the Keynesian theory.’
- ‘And, importantly, no longer are market rates determined through the interaction of the demand for borrowings with a limited supply of loanable funds.’
- ‘With a sophisticated financial structure providing financial assets… control over money alone is a decreasingly efficient means of regulating flows of loanable funds and spending on goods and services.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.