Would Cleansing Banks' Balance Sheets Kick-start the US Economy? - Frank Shostak - Mises Institute

Would Cleansing Banks' Balance Sheets Kick-start the US Economy? - Frank Shostak - Mises Institute: "As a result of the unbacked credit, an additional demand for various goods emerges. This leads to an attempt at expanding the infrastructure of the economy. This attempt is bound to fail since the flow of real savings is not large enough to support the expansion of the infrastructure."