Glenn Beck Interviews Richard Duncan: And keeps an open mind!
Posted July 28, 2012
On Tuesday July 17th I was invited to appear on Glenn Beck’s show. This came about because of my CNBC Squawk Box Europe interview the
Category Archives: Economics in the Age of Fiat Money
How Close Are We to New Great Depression?
Posted July 25, 2012
Last week I was in London to promote The New Depression: The Breakdown Of The Paper Money Economy. The week began at 7:30 Monday morning
The New Depression Reviewed In THE ECONOMIST
Posted July 8, 2012
This week my book, The New Depression: The Breakdown Of The Paper Money Economy, was reviewed in the Buttonwood column of The Economist. Please find
The McAlvany Weekly Commentary: An Interview With Richard Duncan
Posted May 11, 2012
This week David McAlvany interviewed me for his program, The McAlvany Weekly Commentary. We discussed the crisis in the global economy, the risk of a
The New Depression: The Breakdown Of The Paper Money Economy
Posted April 20, 2012
My third book on the global economic crisis is now in print and available on Kindle. It’s called The New Depression: The Breakdown Of The
Asia's Economic Outlook In Light Of The Global Economic Crisis
Posted March 9, 2012
Below, please find a link to a speech I made before the CFA Institute in Hong Kong on March 7, 2012. I discuss the outlook
The Ten Trillion Dollar Milestone
Posted July 18, 2011
A milestone on the road to economic ruin was reached last week. Total Foreign Exchange Reserves topped $10 trillion. That means central banks have created
Helicopter Money
Posted June 30, 2011
A great deal can be learned about the government’s response to this crisis, as well as the mistaken policies that necessitated it, by analysing a
Credit Growth Drives Economic Growth, Until It Doesn’t
Posted May 19, 2011
The single most important thing to understand about economics in the age of paper money is that credit growth drives economic growth. Before the breakdown
Birth Of The Debt Culture
Posted April 26, 2011
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
A New Economic Paradigm
Posted April 19, 2011
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
BERNANKE’S CHOICE
Posted March 21, 2011
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
Why Won't Bernanke Come Clean on Glut?
Posted March 9, 2011
Perhaps the greatest mystery in the world of finance and economics is why Fed Chairman Ben Bernanke refuses to acknowledge that paper money creation by
Currency Manipulators Created $7 Trillion, Causing The Global Economic Bubble
Posted February 12, 2011
The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by
Debt-Financed Trade Caused The New Depression
Posted February 5, 2011
The United States trade deficit hit $2 million A MINUTE in 2006. That was the rate ($800 billion that year) at which the US was
What Every American Needs To Understand About The Economy
Posted January 19, 2011
As the United States debates its economic future in light of large government budget deficits, it is important that the public has a clear understanding
Economics In The Age Of Paper Money
Posted January 6, 2011
“Irredeemable paper money has almost invariably proved a curse to the country employing it.” So wrote America’s greatest economist, Irving Fisher, in 1911. Sixty years
Economics In The Age Of Paper Money
Posted November 26, 2010
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: