Debt Deflation

Michael Perelman michael at ecst.csuchico.edu
Sat Jul 27 11:48:34 PDT 2002

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Regarding the reluctance to sell housing at deflated prices, I think that this is more true when the house is the primary source of wealth. -- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu

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