Financial repression is any of the measures that governments employ to channel funds to themselves, that, in a deregulated market, would go elsewhere. Financial repression can be particularly effective at liquidating debt.
The term financial repression was first introduced in 1973 by Stanford economists Edward S. Shaw and Ronald I. McKinnon.
Read more about Financial Repression: Techniques
Famous quotes containing the words financial and/or repression:
“America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.”
—C. Wright Mills (1916–1962)
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