noun, plural democracies. 1. government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.
Debt deflation is a theory of economic cycles that holds that recessions and depressions are due to the overall level of debt shrinking : the credit cycle is the cause of the economic cycle.The theory was developed by Irving Fisher following the Wall Street Crash of 1929 and the ensuing Great Depression.The debt deflation theory was familiar to John Maynard Keynes prior to Fisher's discussion of it, but he found it lacking in comparison to what would become his theory of liquidity ...
The most popular of these are debt negotiation (also called debt settlement), consumer-credit counseling, debt consolidation loans, balance transfers and the most serious of all declaring bankruptcy. Each of these options has the same goal, which is to provide debt relief. However, consumer credit counseling, debt consolidation loans and bank transfers have one serious negative in common. They cannot reduce anyoneâs debts. The only option capable of doing this is debt negotiation when it leads to debt settlements.