Econintersect: The is the third episode of a video lecture on money and debt. Part 1, Part 2 and Part 4. Dirk Bezemer, University of Groningen (Netherlands), covers how a debt fueled asset bubble is always doomed to burst. This leads to a self enforcing process of debt reduction that spirals into the real economy. This is why we call our crisis today a debt crisis or a credit crunch.
The video is 10 minutes long.
Notes:
- The video is available at YouTube.
- Dirk Bezemer has contributed to Global Economic Intersection.
