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Speculative Demand
Demand for an asset not for its intrinsic value or use, but for the expectation of selling it at a higher price in the future to make a profit.
Created Money
Money that has been generated through the banking system's lending processes, beyond the base money originally introduced into the economy.
Liquidity Trap
A situation where interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.
John Maynard Keynes
A British economist whose theories on the causes of prolonged unemployment fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
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