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

Index of Subjects 861objection to the proposedsystem, 773–78Demand deposit, repurchaseagreement, operations thatmask, 157–61, 597Democracy and the credit system,756–58Demoralization of economicagents, 262, 378, 456–59Denationalization of money. SeeMoneyDepositand loan differences, 15,17–20, 135–136banking in MediterraneanEurope, 61–63contract of, concept andessence, 4derivative, 188economic difference from aloan, 14–16, 19, 35guarantee systems, 656nlegal difference from loan,13, 17–20, 67nprimary deposits, 187secondary, 188“time,” 20nUlpian’s definition, 27–28Ulpian, difference in loans, 33Depositi a discrezione, 72Depositum confessatumconceptual confusion, 66–67spurious or simulateddeposit, 16n, 32, 65–69,120–22, 605Depreciation of capital goods.See Capital goodDevaynes v. Noble, 125Digest, 26–30Discrezione, interest paid by theMedici Bank, 72Durable consumer goods. SeeGoodsEconomic calculationapplication to the theory ofthe cycle, 377nerror in, as a fundamentalcause of the crisis, 377impossibility under socialism,650Economic crisiscaused by error in economiccalculation, 377of the 1970s and 1990s, 494–99Economic cycles in a marketeconomy (their supposedlyinherent nature), 469Economic cycles, 88banking reform capable ofpreventing, 746–48empirical evidence and,476–505international nature of, 475theory of, 347–84psychological consequencesof, 262, 378, 456–59Economicgoods of first order andhigher order, 268goods of intermediate stagesor higher-order, 268growth, and the proposedmonetary system, 749–53recession, as the recoverystage, 433Economyin regression, 344–46“manic-depressive,” 456–59,749Employment. See Full employmentEntrepreneurial creativity, 276Entrepreneurship, 421–24its application to intertemporaldiscoordination, 422salvaging of capital goods, 424