The right hon. Gentleman has raised a point that many people fail to appreciate: the banks lend money into existence and into housing, partly because they are encouraged to do so by the risk weightings in Basel. Does he agree that, at least in that respect, the money supply tripled because regulators encouraged banks to do it?
Financial Services (Banking Reform) Bill
Proceeding contribution from
Steve Baker
(Conservative)
in the House of Commons on Monday, 11 March 2013.
It occurred during Debate on bills on Financial Services (Banking Reform) Bill.
Type
Proceeding contribution
Reference
560 c87
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2013-11-20 11:07:13 +0000
URI
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