Sunday, February 20, 2011

how pockets of inelastic debt bubbles burden price elastic exchange intended product markets

simple really
burden is inversely related to price level movement

if you inflate the product price levels  you shrink the debt bubble to product  "value " ratio in the total
 production  system
and of course the nasty case of visa versa if you allow the product price levels to deflate  ....

yikes enter  irv fisher