Once US dollars ceased to be convertible into gold at the beginning of the 1970s, there was no longer any constraint on the amount of
Richard Duncan
Recent Posts by Richard Duncan
Since the 1980s, a culture of debt has arisen in the United States. That change was the consequence of a misguided trade policy that gave
Starting in the 1970s, international credit flows began to destabilize the global economy. One country after another was plunged into crisis as dollar-denominated credit from
There should be no confusion as to the origins of the global economic crisis that began in 2008. This crisis was set in motion in
For twelve years the US trade deficit financed the US budget deficit and held down US interest rates. From 1996 to 2008, the US trade