Doom Loop
A doom loop may be: * In economics, a doom loop is a negative spiral that can result when banks hold sovereign bonds and governments bail out banks * A climate doom loop occurs when consequences of climate change and the failure to address it draw focus and resources from tackling its root causes. {{disambig ...
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Economic Collapse
Economic collapse, also called economic meltdown, is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s). Often economic collapse is accompanied by social chaos, civil unrest and a breakdown of law and order. Cases There are few well documented cases of economic collapse. One of the best documented cases of collapse or near collapse is the Great Depression, the causes of which are still being debated. "To understand the Great Depression is the Holy Grail of macroeconomics." — Ben Bernanke (1995) Bernanke's comment addresses the difficulty of identifying specific causes when many factors ma ...
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