The theory of Irving Fisher that a depressin is caused by overconsumption, overspending, and underinvestment destablizes the debt and deflation. Debt increases lowering prices causing the value of debt causing financial distress.
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The theory of Irving Fisher that a depressin is caused by overconsumption, overspending, and underinvestment destablizes the debt and deflation. Debt increases lowering prices causing the value of debt causing financial distress.
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