Money and Finance
- Richard Duncan Quotes
“Credit did more to the U.S. economy than make it grow. It also radically changed its composition. Credit allowed America to buy all the manufactured goods it desired from abroad and credit financed the procurement of services at home. It could be argued...
- Richard Duncan Quotes
Another longer excerpt from The New Depression (taken from my Kindle highlights, so the excerpts aren’t necessarily the paragraphs I have put them in below, and there may be things in between that I didn’t highlight). I've been posting a lot of...
- Richard Duncan On The Fed's Flow Of Funds
“The Fed’s Flow of Funds Accounts provides a near-comprehensive set of information about the stock and flow of credit in the United States. Because credit growth now drives economic growth, the flow of funds is the key to understanding developments...
- Richard Duncan Quote
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- Jeff Glor Interviews Richard Duncan (video)
Jeff Glor talks to Richard Duncan about, "The New Depression: The Breakdown of the Paper Money Economy Jeff Glor: What inspired you to write the book? Richard Duncan: I was inspired when I read Irving Fisher's "The Purchasing Power of Money" (1912)...
Money and Finance
Richard Duncan quote
“$50 trillion of credit did more than make the United States prosperous; it fundamentally transformed the structure of its economy. It caused the focus of economic activity to shift from producing goods to providing services, and, finally, to speculation.” –Richard Duncan, The New Depression
- Richard Duncan Quotes
“Credit did more to the U.S. economy than make it grow. It also radically changed its composition. Credit allowed America to buy all the manufactured goods it desired from abroad and credit financed the procurement of services at home. It could be argued...
- Richard Duncan Quotes
Another longer excerpt from The New Depression (taken from my Kindle highlights, so the excerpts aren’t necessarily the paragraphs I have put them in below, and there may be things in between that I didn’t highlight). I've been posting a lot of...
- Richard Duncan On The Fed's Flow Of Funds
“The Fed’s Flow of Funds Accounts provides a near-comprehensive set of information about the stock and flow of credit in the United States. Because credit growth now drives economic growth, the flow of funds is the key to understanding developments...
- Richard Duncan Quote
...
- Jeff Glor Interviews Richard Duncan (video)
Jeff Glor talks to Richard Duncan about, "The New Depression: The Breakdown of the Paper Money Economy Jeff Glor: What inspired you to write the book? Richard Duncan: I was inspired when I read Irving Fisher's "The Purchasing Power of Money" (1912)...