Sentences with phrase «with economic distortion»

War finance (the currency debasement and credit expansion associated with funding war) has long been associated with economic distortion including World War I, which preceded «The Forgotten Depression.»

Not exact matches

With the global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive rate of real economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about by zero bound interest rates will limit that growth and induce serious risks in future years.»

The replacement of the federal manufacturer's sales tax with the Goods and Services Tax in 1991 removed economic distortions and provided the government with a more reliable and stable revenue source.

Nonetheless, as Draghi's remarks imply, the unleashing of massive new money into bond markets via QE is causing distortions, with some bond prices increasingly disengaged from economic fundamentals.

While tax credits create distortions with little economic gain and require higher marginal rates, Canadians who use these credits will see their total tax bill rise from their elimination.

We usually have not understood that Amos concerns are not with incidental acts of injustice, but with the systematic economic distortion in which the royal - urban managers participate.4

The foreign debt continues to be an issue and new voices have began to sound the need to look for ways to face it; (ii) At the national level two questions are concentrating increasing attention: one is the reassessment of the necessary role of the state to correct the distortions of a runaway market (currently discussed in Europe and in the discussions about the role the initiatives of «an active state has played in the economic development of Asian countries); the other is the need for a «participative democracy over against a purely representative formal democracy: in this sense the need to strengthen civil society with its intermediate organizations becomes an important concern; (iii) the struggle for collective and personal identity in a society in which forced immigration, dehumanizing conditions in urban marginal situations, and foreign cultural aggression and massification in many forms produce a degrading type of poverty where communal, family and personal identity are eroded and even destroyed.