Debtdeflationisatheorythatrecessionsanddepressionsareduetotheoveralllevelofdebtrisinginrealvaluebecauseofdeflation,causingpeopleto ...,thesituationinwhichcollateral(=propertythatwillbesoldorcollectedtomakecertainadebtispaid)becomeslessvaluable:.,...
Debt-Deflation Theory of Great Depressions
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由IFISHER著作·被引用5573次—INBoomsandDepressions,Ihavedeveloped,theoreticallyandsta-tistically,whatmaybecalledadebt-deflationtheoryofgreatdepres-.
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