Austrian business cycle theory explains that the “bust” phase of that cycle is created by extension of the cheap and plentiful credit by a fractional reserve banking (FRB) system. A FRB system is...
Andrew Cullen
Andrew Cullen is a freelance analyst and writer. Previously, he has worked as a freelance project manager for over 20 years across EMEA and SE Asia. Andrew Cullen’s blog is TheCantillonObserver.com
Latest work
There was relatively good news for consumers in the Eurozone last week. Data released for the consumer price index (CPI) during October showed that the rate of inflation fell from 1.1 percent to 0.7...
