: Policy makers balance deflationary and inflationary forces to reduce debt burdens without catastrophic economic pain .
: Spending less to reduce debt, which is often deflationary and painful . Big Debt Crises
: A classic example of an inflationary debt crisis caused by massive war debts and hyperinflation . : Policy makers balance deflationary and inflationary forces
: A deflationary depression in the U.S. marked by bank failures and a collapsing stock market . Big Debt Crises