---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/32793754.md"
description: "In most cases, short-term debt cycles cause small-scale booms and recessions in economic development, while long-term debt cycles lead to major booms and depressions. —《Big Debt Crises》"
datetime: "2025-08-10T16:17:48.000Z"
locales:
  - [en](https://longbridge.com/en/topics/32793754.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/32793754.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/32793754.md)
author: "[豪贼](https://longbridge.com/en/profiles/10720720.md)"
---

# In most cases, short-term debt cycles cause small-…