The Debt-Deflation Theory of Great Depressions Irving Fisher

ISBN: 9781614270102

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Paperback

46 pages


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The Debt-Deflation Theory of Great Depressions  by  Irving Fisher

The Debt-Deflation Theory of Great Depressions by Irving Fisher
| Paperback | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 46 pages | ISBN: 9781614270102 | 4.47 Mb

The credit crunch today is not destroying capital but recognising that capital was destroyed by misallocation in the years of irrational exuberance. If that is so, then we are entering a spiral of debt deflation that will play out slowly for years toMoreThe credit crunch today is not destroying capital but recognising that capital was destroyed by misallocation in the years of irrational exuberance.

If that is so, then we are entering a spiral of debt deflation that will play out slowly for years to come. To understand how that works, we turn to Professor Irving Fisher of Yale (1933).



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