Irving Fischer: Debt Deflation Theory (Black Swan Capital)

Managing Economic Contractions:  Why Irving Fischer had it right all along!

Last week I touched on this key point in my missive "More nanny-state happy juice? Seriously, Ben?" The key point was that neither Ben nor his bodies recognize we are mired in an environment defined by Fishers Debt-Deflation Theory. This is no small point, for this lack of recognition has led to policies that have not only wasted precious money and time, but has also made things much worse.      Currency Currents 20 July 2011