没人对书感兴趣，只能换个大题目：What is inevitable...

hi-liter

先谢谢，再读。

X!nG

faint, 你，你。。。唱衰中国
18# X!nG
that_is_it 发表于 2010-1-24 15:38

我是中国人当然希望中国强大富强！

可伟大的党不抓住这次危机的机会搞改革，却执意忙着打鸡血大跃进，恐怕离"内爆"不远了...

that_is_it

嗯，好象中国的问题是很多很多，我也不明白。

不过，好象从我识字以来，一直有种声音说中国就要完了，不过到现在还好好的， 所以我现在对说中国不好的声音免疫。

中国最重要的是，发展高科技，重视教育，不要天天拿着廉价劳动力换来的各种各样的世界第一而自以为是就好了。
其他什末，腐败亚，社会不公平亚。。。都不是问题，成长的烦恼罢了。
22# X!nG

ts9

"发展高科技，重视教育" That I totally agree. But come to think of it, that is exactly what Japan were doing before and after its crash. I think there should be something else China need to do. No sure what it should be though.

Alchemist

Bencat

knight2017

haha I even read studies on this paper. Fisher is awesome.

asap

guyuxiao

ypm968

Debt-Deflation
Main article: Debt deflation
Following the stock market crash of 1929 and the ensuing Great Depression, Fisher developed a theory called debt-deflation. According to the debt deflation theory, a sequence of effects of the debt bubble bursting occurs:
Debt liquidation and distress selling.
Contraction of the money supply as bank loans are paid off.
A fall in the level of asset prices.
A still greater fall in the net worth of businesses, precipitating bankruptcies.
A fall in profits.
A reduction in output, in trade and in employment.
Pessimism and loss of confidence.
Hoarding of money.
A fall in nominal interest rates and a rise in deflation adjusted interest rates.

ideall

i will read it, thanks , please keep bringing good book .

rightonmoney