karl-henrik pettersson

karlhenrikpettersson.se

Filosofiska tankar om företagande och ekonomi

Vilket samhälle vill vi ha? Hur mycket marknad? Hur mycket politik? Varför dessa ekonomiska orättvisor?

The Dept-Deflation Theory of Great Depressions

untitled-1Irving Fisher är den ekonom som vi kanske mest tydligt förknippar med 30-talskraschen. Det gör vi av ett alldeles speciellt skäl, han lyckades i september 1929, bara några veckor innan börskraschen i oktober, säga att “stock prices had reached a permanently high plateau” och för det fick han lida narr och gyckel för resten av sitt liv (dessutom förlorade han hela sin förmögenhet). Det som då glöms bort är att han var en stor ekonom.

Mitt under depressionen, 1933, publicerade han ett utomordentligt intressant dokument, The Dept-Deflation Theory of Great Depressions, där han i kondenserad form – i 49 korta påståenden/förklaringar/ beskrivningar (det han kallar ”articles”) – försöker härleda varför vissa kriser leder till Great Depressions. Hans slutsats blir att det är en kombination av extraordinär kreditexpansion som leder till over-indeptedness och ”following soon after” deflation. ”In short, the big bad actors are dept disturbances and pricelevel disturbances”.

Det är ingen tvekan om att The Dept-Deflation Theory är en intellektuell prestation utöver det vanliga. Men det är också en lättfattlig vägledning för politiker och andra som vill undvika finansiella bubblor och djupa kriser i den reala ekonomin, och särskilt depressioner. Jag skulle gissa att dagens centralbankschefer, medvetet eller omedvetet, har tagit till sig Irving Fishers Dept-Deflation Theory vilket kan förklara varför deflation undvikits, och kanske därmed varför krisen vi lever mitt uppe i inte blev en ny 30-tals kris, en ny Great Depression.

Så läs gärna The Dept-Deflation Theory of Great Depressions, det är uppfriskande.

  • Facebook
  • Twitter
  • Print
  • email
2010-03-13

150 Kommentarer

  1. It is truly a nice and helpful piece of info. I’m satisfied that
    you shared this helpful information with us.
    Please stay us up to date like this. Thank you for sharing.

  2. I have been surfing online more than 3 hours lately, yet I never discovered any fascinating article like yours.
    It’s beautiful value sufficient for me. Personally, if
    all web owners and bloggers made just right content material as you did,
    the internet might be much more helpful than ever before.

  3. Hi to all, it’s genuinely a pleasant for me to visit this site, it consists of valuable Information.

  4. Hey there! I know this is kinda off topic but I was wondering
    if you knew where I could locate a captcha plugin for my comment form?
    I’m using the same blog platform as yours and I’m having trouble
    finding one? Thanks a lot!

  5. Hmm it appears like your website ate my first comment (it was super long) so I guess I’ll just
    sum it up what I submitted and say, I’m thoroughly enjoying
    your blog. I as well am an aspiring blog writer but I’m still new to the
    whole thing. Do you have any points for rookie blog writers?
    I’d genuinely appreciate it.

  6. Hello my loved one! I wish to say that this article is awesome, great written and come
    with approximately all significant infos. I’d like to look more posts like this
    .

  7. My spouse and I stumbled over here coming from a different web
    page and thought I may as well check things out.
    I like what I see so now i am following you.
    Look forward to going over your web page again.

  8. Моментально возводимые здания: финансовая выгода в каждом блоке!
    В сегодняшнем обществе, где время имеет значение, экспресс-конструкции стали истинным спасением для коммерции. Эти современные объекты комбинируют в себе устойчивость, экономичное использование ресурсов и быстрый монтаж, что обуславливает их лучшим выбором для различных бизнес-проектов.
    [url=https://bystrovozvodimye-zdanija-moskva.ru/]Легковозводимые здания из металлоконструкций цена[/url]
    1. Высокая скорость возвода: Моменты – наиважнейший аспект в предпринимательстве, и скоро возводимые строения способствуют значительному сокращению сроков возведения. Это высоко оценивается в ситуациях, когда необходимо оперативно начать предпринимательскую деятельность и начать прибыльное ведение бизнеса.
    2. Экономичность: За счет оптимизации процессов производства элементов и сборки на месте, экономические затраты на моментальные строения часто оказывается ниже, по сопоставлению с традиционными строительными задачами. Это дает возможность сэкономить деньги и достичь большей доходности инвестиций.
    Подробнее на [url=https://xn--73-6kchjy.xn--p1ai/]https://scholding.ru/[/url]
    В заключение, сооружения быстрого монтажа – это первоклассное решение для коммерческих проектов. Они обладают эффективное строительство, экономическую эффективность и повышенную надежность, что дает им возможность наилучшим вариантом для предпринимательских начинаний, имеющих целью быстрый бизнес-старт и получать доход. Не упустите возможность сократить издержки и сэкономить время, выбрав быстровозводимые здания для ваших будущих инициатив!

  9. Быстромонтажные здания: коммерческий результат в каждой детали!
    В нынешней эпохе, где часы – финансовые ресурсы, быстровозводимые здания стали истинным спасением для компаний. Эти современные сооружения объединяют в себе высокую прочность, экономическую эффективность и молниеносную установку, что позволяет им идеальным выбором для коммерческих мероприятий.
    [url=https://bystrovozvodimye-zdanija-moskva.ru/]Быстровозводимые конструкции недорого[/url]
    1. Молниеносное строительство: Минуты – важнейший фактор в финансовой сфере, и сооружения моментального монтажа обеспечивают существенное уменьшение сроков стройки. Это особенно выгодно в постановках, когда срочно нужно начать бизнес и начать монетизацию.
    2. Экономичность: За счет совершенствования производственных процессов элементов и сборки на площадке, расходы на скоростройки часто снижается, по отношению к традиционным строительным проектам. Это обеспечивает экономию средств и обеспечить более высокий доход с инвестиций.
    Подробнее на [url=https://xn--73-6kchjy.xn--p1ai/]https://scholding.ru[/url]
    В заключение, объекты быстрого возвода – это отличное решение для коммерческих задач. Они включают в себя эффективное строительство, экономию средств и высокую прочность, что сделало их оптимальным решением для фирм, желающих быстро начать вести бизнес и получать деньги. Не упустите шанс экономии времени и денег, наилучшие объекты быстрого возвода для вашего предстоящего предприятия!

  10. Today, I went to the beach front with my children. I found a sea shell and gave
    it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put
    the shell to her ear and screamed. There was a hermit crab
    inside and it pinched her ear. She never wants to go back!
    LoL I know this is entirely off topic but I had to tell someone!

  11. Hey there! I know this is kind of off topic but I was wondering which blog platform are you using for this site?
    I’m getting fed up of WordPress because I’ve had issues with hackers and I’m looking at
    options for another platform. I would be great if you could point me in the direction of a
    good platform.

  12. Hi there i am kavin, its my first occasion to commenting anyplace, when i read this article
    i thought i could also create comment due to this
    good post.

  13. I blog quite often and I seriously thank you for your information. This article has truly peaked my interest.
    I will take a note of your site and keep checking for new information about once
    a week. I subscribed to your RSS feed too.

  14. you are really a excellent webmaster. The site loading
    speed is amazing. It sort of feels that you’re doing any distinctive trick.
    Furthermore, The contents are masterpiece.
    you have performed a magnificent process in this topic!

  15. This is very interesting, You are a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking more of your excellent post.
    Also, I have shared your site in my social networks!

  16. I am sure this paragraph has touched all the internet visitors,
    its really really pleasant paragraph on building
    up new website.

  17. It’s great that you are getting thoughts from this article as
    well as from our discussion made at this time.

  18. I visited many web sites except the audio feature for audio songs present at this site is in fact excellent.

  19. What i do not understood is in fact how you’re not actually a lot more neatly-preferred than you may be now.
    You are very intelligent. You know thus considerably
    when it comes to this matter, made me personally consider it from so many
    varied angles. Its like women and men don’t seem to be fascinated except it is something to accomplish with Girl gaga!
    Your personal stuffs great. At all times take care
    of it up!

  20. Hi there friends, good post and pleasant arguments commented at this place, I am really
    enjoying by these.

  21. Hmm is anyone else having problems with the pictures on this blog loading?
    I’m trying to find out if its a problem on my end or
    if it’s the blog. Any suggestions would be greatly
    appreciated.

  22. Hi there! I could have sworn I’ve been to your blog before but after
    browsing through some of the posts I realized it’s new to me.
    Anyways, I’m definitely delighted I found it and I’ll be bookmarking it and checking back regularly!

  23. As the admin of this site is working, no uncertainty very quickly it
    will be renowned, due to its quality contents.

  24. Howdy! This post could not be written any better!
    Looking through this article reminds me of my previous roommate!

    He always kept talking about this. I am going to forward this post to him.
    Fairly certain he’s going to have a great read. I appreciate you
    for sharing!

  25. Asking questions are in fact fastidious thing if you are
    not understanding something totally, except this paragraph offers fastidious understanding yet.

  26. Tremendous things here. I am very satisfied to peer your post.

    Thank you so much and I am taking a look forward to contact you.

    Will you kindly drop me a mail?

  27. I think that what you published was very logical.
    But, what about this? what if you added a little
    content? I ain’t saying your content is not good.,
    but suppose you added a post title that grabbed a person’s attention? I mean The
    Dept-Deflation Theory of Great Depressions | karlhenrikpettersson.se is
    kinda plain. You ought to glance at Yahoo’s home page and watch
    how they create post headlines to grab people interested.

    You might try adding a video or a pic or two to grab people excited about
    everything’ve got to say. In my opinion, it would bring your posts
    a little bit more interesting.

  28. Thanks for sharing your info. I truly appreciate your efforts and I will be waiting for your further post thank you
    once again.

  29. What’s up, just wanted to mention, I liked this article.
    It was inspiring. Keep on posting!

  30. This is the perfect blog for everyone who would like
    to understand this topic. You understand so much
    its almost tough to argue with you (not that I actually will need
    to…HaHa). You certainly put a new spin on a subject that
    has been written about for ages. Great stuff, just excellent!

  31. Can you tell us more about this? I’d want to find out more details.

  32. I’m really enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for
    me to come here and visit more often. Did you hire out a designer to create
    your theme? Great work!

  33. Way cool! Some very valid points! I appreciate you writing this post and also the rest
    of the site is really good.

  34. Good blog you’ve got here.. It’s hard to find excellent writing like yours these
    days. I really appreciate individuals like you!
    Take care!!

  35. I am sure this post has touched all the internet viewers, its
    really really pleasant paragraph on building up new webpage.

  36. I am really impressed together with your writing skills and also
    with the layout for your blog. Is this a paid topic or
    did you modify it your self? Either way stay up the nice high quality
    writing, it is rare to look a great weblog like this one these days..

  37. I am now not sure the place you are getting your info, however good topic.
    I needs to spend a while finding out more or understanding more.
    Thanks for magnificent information I used to be
    in search of this info for my mission.

  38. Hello, Neat post. There’s an issue along with your website in web explorer, could test this?

    IE nonetheless is the marketplace chief and a huge part
    of other folks will omit your great writing due to this problem.

  39. I’ve read a few excellent stuff here. Definitely price bookmarking
    for revisiting. I wonder how a lot effort you set to create
    this type of great informative web site.

  40. Hi there! I know this is kinda off topic however I’d figured I’d ask.
    Would you be interested in exchanging links or maybe
    guest authoring a blog article or vice-versa? My site goes over a lot of the same topics as yours and I think we could greatly benefit from
    each other. If you are interested feel free to shoot me an e-mail.
    I look forward to hearing from you! Excellent blog by the way!

  41. Hi my family member! I wish to say that this post is amazing, nice written and come with almost all important infos.
    I would like to look more posts like this .

  42. My brother recommended I may like this blog.
    He used to be entirely right. This put up actually made my day.
    You cann’t imagine simply how much time I had
    spent for this information! Thanks!

  43. Nice post. I was checking constantly this blog and I am
    impressed! Extremely helpful info specially the ultimate phase 🙂 I take
    care of such info much. I used to be looking for
    this certain information for a very lengthy
    time. Thanks and best of luck.

  44. In this game, you spot bets on the predicted outcome of a three-dice roll.

  45. You can attempt more than 150 slot games from leading software program providers like RealTime Gaming, Spinomenal, Woohoo Games, Rival Gaming, and Revolver Gaming.

  46. Hello to all, since I am actually keen of reading this web site’s post to be updated on a regular basis.
    It consists of nice material.

  47. Just go to your chosen gambling web site and attempt some games at no cost.

  48. It was established in 2012, so it has had a bit additional
    time to create and develop its fan base.

  49. Established beneath a particular law passed in 1995, this is the only casino in Korea that allows
    Korean nationals to enter.

  50. Fantastic beat ! I would like to apprentice while you amend your site, how could i subscribe for
    a blog website? The account aided me a acceptable deal.
    I had been tiny bit acquainted of this your broadcast provided bright clear idea

Skriv kommentar