EntityQ5248600· pop 14· linked from 128 articlesdebt deflationSign in to savetheory that recessions and depressions are due to the overall level of debt rising in real value because of deflationConnectionsHyman MinskyEntityJohn Maynard KeynesEntityInternational Standard Book NumberEntityinflationEntityMilton FriedmanEntityGreat DepressionEntitydigital object identifierEntitydeflationEntityrecessionEntity2007–2008 financial crisisEntityexchange rateEntityJanet YellenEntityJohn Kenneth GalbraithEntityThe EconomistEntityBen BernankeEntitybalance sheetEntityJSTOREntityWall Street crash of 1929EntityKeynesian economicsEntityJames TobinEntityCategoriesBusiness cycle theoriesMonetary economics