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Concentrate. Money has a price. The price of money is the interest rate. Lower the price and demand increases. It’s the same with credit. The price of credit is the interest rate. Credit is money. Lower the price of credit and more people borrow. But there is a problem for central banks who like to use the price of money and credit as a tool for manipulating or fine tuning the economy. That problem is the bluntness of the tool. Continue reading