Money and Finance
But he isn’t wandering the streets of Bangkok carrying a sign reading: The end is nigh.
- Links
Barry Ritholtz interviews Robert Shiller (LINK) Jason Zweig on value in international stocks (LINK) Richard Duncan on the McAlvany Weekly Commentary (audio) (LINK) Related previous post: Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative...
- Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative Easing
As I've mentioned before, I think Richard Duncan's book The New Depression is one of the few macro-related things worth reading. THIS video interview he did earlier this year also does a great job of going over some of his ideas, for those who...
- Richard Duncan: How Capitalism Died & Where That Leaves Us
Link to video speech: How Capitalism Died & Where That Leaves Us ……………. Related book: The New Depression Related previous post: Richard Duncan interview ...
- Repost: A Conversation With Charlie Munger
It is interesting to go back and watch this after not watching it for a couple of years. I guess because I've grown and learned different things in between watching it then and now, I noticed and got different things from it than I remember when I...
- Interview With Richard Duncan
Michael Lewitt recently recommended Duncan’s book, The New Depression. This interview was from May of this year. Link ................... Related link: Richard Duncan on Capital Account ...
Money and Finance
Economist touts radical idea for U.S. election rivals
When it comes to evaluating the economic and fiscal proposals of Democratic President Barack Obama and his Republican challenger, Mitt Romney, in the U.S. election battle, economist Richard Duncan takes a firm pox-on-both-their-houses view.
The Democrats “have no discernible ideas at all,” Mr. Duncan was saying the other day from his home in Bangkok. Which is not surprising coming from a bearish adviser and author of conservative bent who thinks the world went off the rails when it abandoned the gold standard. His latest book is called The New Depression. But he is even harder on the Republicans, who have been “kidnapped by this far-right fringe, the Tea Party. The Tea Party wants the government to cut the budget deficit right away. If they do that, we will immediately collapse into a new Great Depression.”
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But he isn’t wandering the streets of Bangkok carrying a sign reading: The end is nigh.
Quite the contrary. “If I thought the world were doomed, then I’m not really sure I would write these books. I would just depress myself,” he says, sounding somewhat tired after nearly three months travelling the globe to promote his new book. “But I believe that we’re repeating exactly the same process that we went through in the Great Depression. … This time, we’ve got to do better. We have to learn from our mistakes.”
He comes armed with what seems a politically impossible solution that involves governments taking full advantage of record-low long-term interest rates to borrow vast sums and then funnel the cash on a massive scale into new industries such as solar energy and other cutting-edge technologies. Such investments, he argues, have the potential to transform economies, rebalance global trade and produce a high enough return on capital to bring public budgets back into balance.
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Related book: The New Depression
Related previous posts:
Jeff Glor interviews Richard Duncan (video)
Interview with Richard Duncan
Related link: Richard Duncan on Capital Account
- Links
Barry Ritholtz interviews Robert Shiller (LINK) Jason Zweig on value in international stocks (LINK) Richard Duncan on the McAlvany Weekly Commentary (audio) (LINK) Related previous post: Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative...
- Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative Easing
As I've mentioned before, I think Richard Duncan's book The New Depression is one of the few macro-related things worth reading. THIS video interview he did earlier this year also does a great job of going over some of his ideas, for those who...
- Richard Duncan: How Capitalism Died & Where That Leaves Us
Link to video speech: How Capitalism Died & Where That Leaves Us ……………. Related book: The New Depression Related previous post: Richard Duncan interview ...
- Repost: A Conversation With Charlie Munger
It is interesting to go back and watch this after not watching it for a couple of years. I guess because I've grown and learned different things in between watching it then and now, I noticed and got different things from it than I remember when I...
- Interview With Richard Duncan
Michael Lewitt recently recommended Duncan’s book, The New Depression. This interview was from May of this year. Link ................... Related link: Richard Duncan on Capital Account ...