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Irving Fisher

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Irving Fisher
A major 20th-century American economist. He was one of the first to suggest that the burst of an asset bubble caused by excessive debt results in deflation. He also advocated the idea that changes in the money supply directly cause price changes. He laid much of the intellectual foundation for what became monetarism. He lived from 1867 to 1947.


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The theory of "debt-deflation", put forward by Irving Fisher in 1933, is not certitude; yet it delivers a stern warning to economies with large amounts of corporate and personal debt.
” – Irving Fisher, 1929 4) Exponential rapidly rising or falling markets usually go further than you think, but they do not correct by going sideways.
The standard checklist of what to do in a financial crisis to avoid a deep and prolonged depression has been gradually worked out over two centuries: by Bank of England Governor Cornelius Buller in 1825; by the Victorian-era editor of The Economist, Walter Bagehot; and by the economists Irving Fisher, John Maynard Keynes, Milton Friedman, among many others.
 
 
 
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