His own feelings, perhaps to his credit, raise some doubts.
(Beecham subsequently denied Goossens credit, raising a dispute resolved only in 1999).
For the elites in closed markets running inefficient monopolies, credit raises the prospect of future challenges from entrepreneurs.
This was usually treated as a problem of excess demand, so a central bank would seek to restrict credit (raising interest rates, imposing controls) during booms.
That inevitably creates a risk of bad debts, and having the government involved in allocating credit raises the potential for mistakes and cronyism.
So if the government comes along with a proposal to redistribute money (by raising the earned income tax credit, raising the minimum wage, raising food-stamp benefits, creating a national basic income, or what have you), it's not clear why I should care about any potential associated cost to growth.
In the sphere of formal institutions, there is credit raising from the State Bank of India.
Player has recently concentrated more on golf course design (he has more than 300 to his credit), raising Thoroughbreds and writing.
Programmes to improve contact with extension agents, increased access to credit, raising educational background and increasing the area devoted to cultivating IRVs are the factors to be promoted in order to increase market participation and hence improve the welfare of rural households.
The Republican proposal would also end the Tuition Tax Credit, raise the "marriage penalty" (hey, welcome to our world, gay newlyweds!), and increase the tax burden for working families with kids.
