01 / prediction
The entire economy got engulfed by this phenomenon of debt deflation, which basically means in the act of paying down the debt—because you're doing fire sales of assets—you're reducing the prices of those assets and introducing deflation.
“The entire economy got engulfed by this phenomenon of debt deflation, which basically means in the act of paying down the debt—because you're doing fire sales of assets—you're reducing the prices of those assets and introducing deflation.”
- Speaker
- Arthur Kroeber
- Publisher
- Dwarkesh Podcast