Debt deflation
id:
debt-deflation-196-12214678
title:
Debt deflation
text:
Debt deflation is a theory that recessions and depressions are due to the overall level of debt rising in real value because of deflation, causing people to default on their consumer loans and mortgages. Bank assets fall because of the defaults and because the value of their collateral falls, leading to a surge in bank insolvencies, a reduction in lending and by extension, a reduction in spending. The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing G
brand slug:
wiki
category slug:
encyclopedia
description:
Economic theory
original url:
https://en.wikipedia.org/wiki/Debt_deflation
date created:
date modified:
2024-01-04T09:47:59Z
main entity:
{"identifier":"Q5248600","url":"https://www.wikidata.org/entity/Q5248600"}
image:
fields total:
13
integrity:
14