%A Ajit Ranade
%T A Swiss referendum on ballooning debts
%! A Swiss referendum on ballooning debts
%X 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. 
%U https://www.thebillionpress.org/columns/economy/swiss-referendum-ballooning-debts-1264