: Debt grows slower than income and is used for productive activities .
: Debts rise faster than incomes, fueled by high leverage and soaring asset prices . Big Debt Crises
: A modern housing-led crisis that required massive government bailouts and "quantitative easing" . : Debt grows slower than income and is
: Central banks create money to buy assets and provide liquidity . Big Debt Crises
: A classic example of an inflationary debt crisis caused by massive war debts and hyperinflation .