Money, Bank Credit, and Economic Cycles - The Ludwig von Mises ...

860 Money, Bank Credit, and Economic CyclesChilefinancial system in the nineteenthcentury, 703–04failure of free banking, 705Chirographis pecuniarum, or bankchecks in the writings of Luisde Molina, 606Circular flowcriticism of the model, 343n,515–16of income, 307nCivil Code and the monetarydeposit, 127Commercial and Penal Codes,proposed reform of their articles,741nCommercial Code and the monetarydeposit, 127–33Commixtion (art. 381 of theSpanish Civil Code), 5nCommodatum, definition, 2Common law, doctrine of irregulardeposit, 124–27Contractsaleatory, 142, 150, 711deposit, 4–6loan, 1–4monetary deposit, 7, 122,131nSee also Monetary irregulardepositConsumer credit, 316–17and the theory of the cycle,406–08Consumption function, debate,577nConsumer Price Index, 420nContinental accounting methods.See AccountingContinental law system, 24–25,126–27Coordination, intertemporal,intratemporal, 276, 290Corpus Juris Civilis, 31, 65Corralito, 142nCounterfeit currency, 710Counterfeiting, effects equivalentto those of credit expansion,710Creditinsurance, 598–600market, secondary, subsidiaryimportance to thegeneral time market, 314–15uninsurable nature of systematicrisks, 599tightening, process of,254–63, 450–52Credit cards, 640nCredit expansion, its effects onthe productive structure,348–60Crédit Lyonnais, 486Credit culture of easy money, fedby credit expansion, 753–54Currency Schooladvocates of free banking,639–46debate with Banking School,622–30definition, 601nin the School of Salamanca,605Danse macabre, 71Defeatism, 160–61Deflationcaused by credit squeeze, 255concept and types, 255, 444deliberately induced by governments,446–47healthy, 750–52in Great Britain after theNapoleonic Wars and in1925, 447n