The Debt-Deflation Theory of Great Depressions

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 to come. To understand how that works, we turn to Professor Irving Fisher of Yale (1933)....

By Irving Fisher
Paperback: 42 pages
Publisher: CreateSpace Independent Publishing Platform (June 10, 2010)
Language: English
ISBN-10: 1453624457
ISBN-13: 978-1453624456
Product Dimensions: 6 x 0.1 x 9 inches
Amazon Rank: 1190682
Format: PDF ePub TXT book

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Irving Fisher's Debt-Deflation Theory was so prescient vs what occurred 75 years later. This short book written in 1933 is more insightful about the cause of the recent financial crisis than the majority of the current books written after it.The mai

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