Irving Fisher’s debt-deflation theory

In an effort to make sense of the current chaos, I am ploughing through a collection of readings on economics, and came across a brilliant article by Irving Fisher.

Written in 1933, it lays out his (educated) intuition on the causes and dynamics of debt-deflation cycles.

Frankly it is so fresh it could have been written as recently as yesterday.

You can find it here.

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