Michael Kumhof

Michael Kumhof

The key function of banks is money creation, not intermediation.More Michael Kumhof quotes [03/29/2018 05:03:36]
A key impact of recent events was a very persistent, if not permanent shock in the oil supply. This was caused as the oil industry hit geological boundaries, which meant that it could no longer maintain the historic growth rates in petroleum extraction.More Michael Kumhof quotes [03/29/2018 05:03:36]

Quotes of the month

Dina Rubina An addiction to sorting things out is one of the grave vices of the Russian intelligentsia. [09/03/2020 01:09:35] More


Eugene Ryabyi Passion is looking for a way to bed, and love - the warmth and comfort of the hearth. [09/24/2020 11:09:33] More


Eugene Ryabyi The romance is a make-up that hides the gloomy face of gray life. [09/05/2020 04:09:12] More


Author Unknown There is only one way to be calm - to stop worrying about the things that cannot be changed. [09/18/2020 12:09:41] More


Konstantin Habensky Cinema is the same job as theater, only it brings in more money. [09/11/2020 12:09:14] More