DEBT episode 3: Why crises occur

EPISODE 3:
Why crises occur is the third episode of a video lecture by Dirk Bezemer from the University of Groningen. It covers how a debt fuelled asset bubble is always doomed to burst. This leads to a selve 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. (Dutch subtitles included)
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Production Team: Joeri Schasfoort, Koen Drewes, Daniël Houben, Dirk Bezemer, Niek de Boer
Music:
Turning Point: Kung Fu Jonny OST, by Professor Kliq
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Images:
Islamabad Stock Exchange Bull, by Danish47
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House for sale, by The truth about
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Old Japanese houses Museum Nara, by hashi photo
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Video:
Nederland van Boven, by VPRO
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