[Mitchell]

This possibility is discussed extensively in the series of books by James Dale David and William Rees-Mogg. It's been a while since I've read them, but I thought the most interesting was "The Great Reckoning." This goes back to at least the early 1990's. There a probably hints of the question of deflationary depression in Davidson's even earlier book, "The Squeeze," from 1980.

[Mitchell]

Sorry, that's James Dale Davidson, not James Dale David.