Fisher states the great depression was caused by too much debt followed by deflation. While a lot of the debt was written off as bad, the US dollar deflated so much, that it made it harder to...
Fisher states the great depression was caused by too much debt followed by deflation.
While a lot of the debt was written off as bad, the US dollar deflated so much, that it made it harder to repay US denominated debts.
Fisher states the great depression was caused by too much debt followed by deflation.
While a lot of the debt was written off as bad, the US dollar deflated so much, that it made it harder to repay US denominated debts.