A Note from Irving Fisher

via twitter:

MT Irving Fisher on the Great Depression. Could be talking about Greece.... pic.twitter.com/cUZbi8UWbq great quote via @Frances_Coppola

— Roger E. A. Farmer (@farmerrf) January 31, 2015

from "The Debt-Deflation Theory of Great Depressions" (Econometrica, 1933). Note: the tweet was cropped a bit when I embedded it, but if you click on it you can see the entire quote.