Debt Deflation Hypothesis: Difference between revisions
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The Debt Deflation Theory was described by Irvin Fisher as an interactive process whereby falling commodity prices increased the debt burden of borrowers. In the period of the 1920s there was a widespread use of the home mortgage and credit purchases of durable goods that boosted spending, but increased consumer debt. | |||
[[Great Depression What]] | [[Great Depression What]] | ||
Revision as of 17:11, 4 December 2006
The Debt Deflation Theory was described by Irvin Fisher as an interactive process whereby falling commodity prices increased the debt burden of borrowers. In the period of the 1920s there was a widespread use of the home mortgage and credit purchases of durable goods that boosted spending, but increased consumer debt.
