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 … Continue reading Irving Fisher’s debt-deflation theory

What does ‘reduce the balance sheet’ mean?

This post is a¬†LeanPost: it will be developed further depending on feedback from my readers. See my note here on what a LeanPost is. Many companies are these days talking about reducing the balance sheet. Another term used is de-leveraging. In the simplest terms, this just means that a company is reducing the number of … Continue reading What does ‘reduce the balance sheet’ mean?