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The book is well worth reading for its analysis. (The Economist, 7th July 2012)
'Contains a fascinating and powerful diagnosis of how we got to our current pass...he makes an astonishing proposal at the end that made my jaw drop.' (Wealthbriefing.com, 14th August 2012)
I am happy to report that, much to my surprise, this book is none of these things.
In The New Depression, Mr. Duncan convincingly dismantles Bernanke's Global Savings glut theory and explains to Mr. Greenspan what the "Conundrum" is all about.
That Duncan has a lot of very intelligent things to say in this book leads me to the view that all his opinions deserve serious consideration.
This impressive book coins the term "Quantity Theory of Credit" which places the growth (or decline) in credit squarely at the centre of world economic affairs. Read morePublished 2 months ago by Baraniecki Mark Stuart
Best description of the paper economy having replaced the stable gold standard. The chapters are brief and to the point with detailed charts of how the paper economy works. Read morePublished 5 months ago by John Alexander Balestrery
I really enjoyed this read .... I found his theories sound and well backed. He covers a range of topics that I haven't previously seen covered.Published 6 months ago by Andrew Phipps
The New Depression is a great book , especially if you have no background in economics. The author describes in a simple way the events and causes that led to the current financial... Read morePublished 6 months ago by Darko Krcum
Insightful! I read it along with: The new lombard street and he makes interesting arguments!Published 8 months ago by Amazon Customer
This book describes the history of the current financial system and shows its insanity.
It points out how the purchasing power of the citizen's money is manipulated and... Read more
Good summary of the issues at hand. The section on solutions is weak, but I wasn't looking for an author to dictate policy, so overall I felt the book was on the mark.Published 13 months ago by Craig Schauman