Understanding the Impact of Debt on Economic Activity: Fisher's Theory

Did you know that thewas caused by a vicious cycle of debt and deflation? According to Irving Fisher, economic downturn led to debtors selling assets or reducing spending, worsening the situation.
Did you know that in times of economic struggle, debtors are often forced to sell their assets or reduce their expenses in order to pay off their debts? This is known as Fisher's Law and it still holds true today. Let's work towards a more stable economy for all.
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