It has long been understood that when the government borrows excessively, it pushes up interest rates and Crowds Out the private sector. Before the breakdown
Richard Duncan
Recent Posts by Richard Duncan
It is not possible to understand an economy without understanding how that economy is financed. In the latest Macro Watch video, we examine the credit
Our economic system changed in a fundamental way when we stopped backing Dollars with Gold. That change removed the most important constraint on how much
When the Dollar appreciated by 22% between June 2014 and March 2015, commodity prices fell, emerging markets suffered, world trade contracted, US corporate profits fell
Please note: I attached the wrong link to this podcast last night, so I am reposting this blog with the correct link. Sorry for any