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On Money Banking and National Debt Redemption: 80th Anniversary Edition of Fisher’s 100% Money and the Chicago Plan Paperback – March 3, 2015
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The London Banker, cited in this book, sums it all up: “The credit crunch today is not destroying capital but recognising that capital was destroyed by misallocation in the years of irrational exuberance,” quoting from Alan Greenspan, former chairman of the Federal Reserve. “If that is so, then we are entering a spiral of debt deflation that will play out slowly for years to come. To understand how that works, we turn to Professor Irving Fisher of Yale.”