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Richard Duncan

Recent Posts by Richard Duncan

How My Views Differ From:

Keynesians Bernanke and the Monetarists Free Traders The Libertarians The Tea Party The Democrats The Republicans The Bulls/the optimists The Bears/the pessimists China Bulls China’s

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Economics In The Age Of Paper Money

The economic ecosystem, laissez-faire and exogenous shocks. Globalization and the collapse in the cost of labor Three kinds of Inflation Why Interest Rates are zero:

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The Past: Abandoned principles and misguided policies

Policy Mistakes Unbalanced Budgets The End of Sound Money Promoting Trade with no concern for the balance of trade Financial Sector Deregulation Economic Management through

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The Present: On the brink of disaster

The Condition and Outlook for the global economy How is the GDP calculated? The breakdown of global GDP by country The Outlook for the US

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The Future: What Must Be Done

Understanding our starting point: the brink of disaster. The life raft analogy. What caused the Great Depression? Policy Options Cut government spending now Maintain current

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