Building on both the monetary hypothesis of Milton Friedman and Anna Schwartz as well as the debt deflation hypothesis of Irving Fisher, Ben Bernanke developed an alternative way in which the financial crisis affected output. He builds on Fisher's argument that dramatic declines in the price level and nominal incomes lead to increasing real debt burdens which in turn leads to debtor insolvency and consequently leads to lowered aggregate demand , a further decline in the price level then results in a debt deflationary spiral. According to Bernanke, a small decline in the price level simply reallocates wealth from debtors to creditors without doing damage to the economy. But when the deflation is severe falling asset prices along with debtor bankruptcies lead to a decline in the nominal value of assets on bank balance sheets. Banks will react by tightening their credit conditions, that in turn leads to a credit crunch which does serious harm to the economy. A credit crunch lowers investment and consumption and results in declining aggregate demand which additionally contributes to the deflationary spiral.   
Gacon-Dufour, Marie Armande Jeanne – (1753 – 1835)
French novelist, polemicist, essayist and historian
Marie Gacon-Dufour was born in Paris and resided in Brie-Comte-Robert. She edited the personal correspondence of the Duchesse de Chateauroux, the beautiful, but unpopular mistress of Louis XV, and produced memoirs of the Valois and Bourbon courts. Madame de Gacon-Dufour wrote a Memoire pour le sexe feminin contre le sexe masculin (Defence of the Female Sex Against the Male) (1787), and published the essay, De la necessite de l’instruction pour les femmes (On the Need for Education for Women) (1805). She also wrote concerning a wide variety of other subjects, which included the compilation of manuals for housekeepers and perfumiers, and was a co-founder of the Bibliotheque Agronomique. Her novels included, Le prejuge vaincu (Prejudice Overcome) (1787), and, Les Dangers de la prevention (The Dangers of Foresight) (1806), and she published the memoirs Anecdotes Secrets Galantes, Historiques et Inedites (1807).
Ordinary men stand at the threshold of profound change, from a story about a famous writer caring for a dying but still willful father, to the tale of a young Indian boy who learns to value his own life by appreciating the deaths of others. Perceptions change, too, as 'Another Proclamation' casts a shadow over Abraham Lincoln’s Emancipation Proclamation, and 'Invisible Dog on a Leash' limns the heartbreak of shattered childhood illusions. And nostalgia for antiquated technology is tenderly rendered in 'Ode to Mix Tapes' and 'Ode for Pay Phones.' With his versatile voice, Alexie explores love, betrayal, fatherhood, alcoholism, and art in this spirited, soulful, and endlessly entertaining collection, transcending genre boundaries to create something truly unique."