... Institute,2000), pp. 27 and 62.272 Money, Bank Credit, and Economic Cycles just before they were reached, and therefore no end wouldever be achieved and human action would be senseless.9CAPITAL AND CAPITAL ... by the otherbanks, as shown in Table IV-2. If all of the banks expandcredit simultaneously, Bank A’s journal entries would appearas follows:268 Money, Bank Credit, and Economic Cycles All human ... giventhat bills and deposits had exactly the same economic nature. See, forexample, James Wilson’s book, Capital, Currency and Banking (London:244 Money, Bank Credit, and Economic Cycles 7THE...