DEBT episode 3: Why crises occur

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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) Team: Joeri Schasfoort, Koen Drewes, Danil Houben, Dirk Bezemer, Niek de BoerMusic: Turning Point: Kung Fu Jonny OST, by Professor Kliq 3.0 Unported - Stock Exchange Bull, by Danish47 3.0 Unported - for sale, by The truth about 2.0 Generic - Japanese houses Museum Nara, by hashi photo 3.0 Unported - Nederland van Boven, by VPRO

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