Ben Bernanke rejected Irving Fisher's “Debt Deflation ” explanation for the Great Depression on this basis; after noting that Fisher did influence Roosevelt's policies, Bernanke added that: 'Fisher's idea was less influential in academic circles, though, because of the … It also is the primary way in which speculation on asset prices is financed, as Minsky emphasised ( Minsky 1982, p. 24). The crisis we are in suddenly becomes entirely explicable—and predictable before … [...]