@article {article1264, title = {A Swiss referendum on ballooning debts}, author = {Ajit Ranade}, journal = {Foundation of The Billion Press}, date = 2018-06-28, year = 2018, url = https://www.thebillionpress.org/columns/economy/swiss-referendum-ballooning-debts-1264, Abstract = {The central banks of US, EU and Japan, for almost a decade, followed a policy of printing money, and kept interest rates near zero so as to induce more lending by banks and more credit growth. Bank create money supply by a process of credit creation. Ballooning debt also means rapid increase in money supply. } }