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Inflation Curbs Penalize Banks Says Fiscal Expert
IT Sept 30 Dr Marcus Nadler tells the 74th American Bankers Association convention that halting inflation must come first and warns against deflationary forces. He criticizes Congress special session measures as one sided and says reserve banks can’t curb credit if they buy government securities. He foresees continued business boom but risks from tighter credit and reduced construction if mortgage lending tightens.
MENTIONED IN THIS ARTICLE
Marcus Nadler
American Bankers Association
Congress