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"As the economy expands, and prices rise, lending will also grow".
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Cultural literacy expanded as newspaper circulations rose, lending libraries proliferated, and in 1954 a revolution began in paperback books (livre de poche).
It is true that China has seen a disproportionate rise in lending to state-owned enterprises, but this is not necessarily regarded with favour.
The mortgage market has continued to "see-saw" this summer after new figures showed an 8% rise in lending between June and July.
In an annual survey of the nation's largest banks, the Comptroller of the Currency said his agency was concerned about the rise of lending to borrowers with credit difficulties, as well as being worried about highly leveraged lending.
The rise is lending credence to suggestions that a rival bid could emerge.
He also welcomed the rise in lending to businesses, which has been relatively slow to materialise.
It also reported a modest rise in lending to businesses, totalling £13.2bn in loans in the quarter.
The school's been researching the space since the late '50s, giving rise (and lending its name) to the lab that would ultimately become known as CSAIL.
Home prices are falling, mortgage defaults are rising and lending is slowing down, but a falling dollar is promoting American exports, while increasing jobs and rising wages are allowing many Americans to keep shopping.
Should the cost of lending rise by 1percentnthishis would increase her monthly mortgage bills by at least £30.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com