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Today people are facing many economical problems and in order to resolve those people are indulging themselves in the debt. And because of the debt people are suffering a great and many are not known how to recover from the debt problem.
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Household debt has been rising in Canada since the recession in 2008. Today, it is next to Australia, the second most among the selected countries. Therefore, only 30% of Canadians live debt-free lives, while 70% of the population suffers from debt-related consequences.
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Debt-deflation theory of Great Depressions: Non-equilibrium analysis: ... factors' are 'over-indebtedness to start with and deflation following soon after' ...
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Anti-cyclical spending and taxation of government enables debts ... Convergence to equilibrium... If capitalists accumulate 'negative debt' But if they don't...
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