thanks for all the links. That was what struck me about debt deflation. It seemed to me that it must be caused by something and is merely a symptom of the underlying credit expansion and I did not see how it would be legitimate for a central bank to “meet demand” for holding money if it is the same central bank that caused problems in the first place
I think I have a good handle on (at least the basics) of Austrian business cycle theory, I would really like to get into some more specifics and down in the depths of macro theory.
