Picture 1 of 1
The New Depression: The Breakdown of the Paper Money Economy by Duncan, Richard
by Duncan, Richard | HC | VeryGood
Condition:
“May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend ”... Read moreabout condition
2 available / 1 sold
Price:
US $5.61
ApproximatelyC $7.68
- Buy It NowThe New Depression: The Breakdown of the Paper Money Economy by Duncan, Richard
Shipping:
Estimated between Wed, May 29 and Fri, May 31 to 43230
Located in: Aurora, Illinois, United States
Returns:
Payments:
Shop with confidence
Seller information
- 99% positive feedback
Registered as a Business Seller
Seller assumes all responsibility for this listing.
eBay item number:374166991273
Item specifics
- Condition
- Very Good
- Seller Notes
- Binding
- Hardcover
- Weight
- 0 lbs
- Product Group
- Book
- IsTextBook
- No
- ISBN
- 9781118157794
- Item Length
- 9.2in
- Publisher
- Wiley & Sons, Incorporated, John
- Publication Year
- 2012
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Item Height
- 0.8in
- Genre
- Business & Economics
- Topic
- Foreign Exchange, Inflation, Economics / Macroeconomics, Economic Conditions, Economics / General
- Item Width
- 6.3in
- Item Weight
- 15.2 Oz
- Number of Pages
- 179 Pages
About this product
Product Information
Why the global recession is in danger of becoming another Great Depression, and how we can stop it When the United States stopped backing dollars with gold in 1968, the nature of money changed. All previous constraints on money and credit creation were removed and a new economic paradigm took shape. Economic growth ceased to be driven by capital accumulation and investment as it had been since before the Industrial Revolution. Instead, credit creation and consumption began to drive the economic dynamic. In The New Depression: The Breakdown of the Paper Money Economy , Richard Duncan introduces an analytical framework, The Quantity Theory of Credit, that explains all aspects of the calamity now unfolding: its causes, the rationale for the government's policy response to the crisis, what is likely to happen next, and how those developments will affect asset prices and investment portfolios. In his previous book, The Dollar Crisis (2003), Duncan explained why a severe global economic crisis was inevitable given the flaws in the post-Bretton Woods international monetary system, and now he's back to explain what's next. The economic system that emerged following the abandonment of sound money requires credit growth to survive. Yet the private sector can bear no additional debt and the government's creditworthiness is deteriorating rapidly. Should total credit begin to contract significantly, this New Depression will become a New Great Depression, with disastrous economic and geopolitical consequences. That outcome is not inevitable, and this book describes what must be done to prevent it. Presents a fascinating look inside the financial crisis and how the New Depression is poised to become a New Great Depression Introduces a new theoretical construct, The Quantity Theory of Credit, that is the key to understanding not only the developments that led to the crisis, but also to understanding how events will play out in the years ahead Offers unique insights from the man who predicted the global economic breakdown Alarming but essential reading, The New Depression explains why the global economy is teetering on the brink of falling into a deep and protracted depression, and how we can restore stability.
Product Identifiers
Publisher
Wiley & Sons, Incorporated, John
ISBN-10
1118157796
ISBN-13
9781118157794
eBay Product ID (ePID)
111365961
Product Key Features
Format
Hardcover
Language
English
Topic
Foreign Exchange, Inflation, Economics / Macroeconomics, Economic Conditions, Economics / General
Publication Year
2012
Type
Textbook
Genre
Business & Economics
Number of Pages
179 Pages
Dimensions
Item Length
9.2in
Item Height
0.8in
Item Width
6.3in
Item Weight
15.2 Oz
Additional Product Features
Lc Classification Number
Hb3711
Publication Name
New Depression : the Breakdown of the Paper Money Economy
Table of Content
Preface xi Chapter 1 How Credit Slipped Its Leash 1 Opening Pandora's Box 1 Constraints on the Fed and on Paper Money Creation 3 Fractional Reserve Banking Run Amok 5 Fractional Reserve Banking 5 Commercial Banks 7 The Broader Credit Market: Too Many Lenders, Not Enough Reserves 10 Credit without Reserves 12 The Flow of Funds 13 The Rest of the World 15 Notes 15 Chapter 2 The Global Money Glut 17 The Financial Account 18 How It Works 20 What Percentage of Total Foreign Exchange Reserves Are Dollars? 23 What to Do with So Many Dollars? 24 What about the Remaining $2.8 Trillion? 26 Debunking the Global Savings Glut Theory 28 Will China Dump Its Dollars? 31 Notes 32 Chapter 3 Creditopia 33 Who Borrowed the Money? 33 Impact on the Economy 38 Net Worth 39 Profits 41 Tax Revenue 41 Different, Not Just More 41 Impact on Capital 45 Conclusion 49 Note 49 Chapter 4 The Quantity Theory of Credit 51 The Quantity Theory of Money 52 The Rise and Fall of Monetarism 55 The Quantity Theory of Credit 57 Credit and Inflation 59 Conclusion 60 Notes 61 Chapter 5 The Policy Response: Perpetuating the Boom 63 The Credit Cycle 64 How Have They Done so Far? 65 Monetary Omnipotence and the Limits Thereof 66 The Balance Sheet of the Federal Reserve 67 Quantitative Easing: Round One 69 What Did QE1 Accomplish? 71 Quantitative Easing: Round Two 72 Monetizing the Debt 73 The Role of the Trade Deficit 75 Diminishing Returns 76 The Other Money Makers 78 Notes 83 Chapter 6 Where Are We Now? 85 How Bad so Far? 85 Credit Growth Drove Economic Growth 86 So, Where Does that Leave Us? 88 Why Can't TCMD Grow? 89 The Banking Industry: Why Still Too Big to Fail? 96 Global Imbalances: Still Unresolved 101 Vision and Leadership Are Still Lacking 104 Notes 105 Chapter 7 How It Plays Out 107 The Business Cycle 107 Debt: Public and Private 109 2011: The Starting Point 111 2012: Expect QE3 112 Impact on Asset Prices 114 2013-2014: Three Scenarios 114 Impact on Asset Prices 118 Conclusion 119 Notes 120 Chapter 8 Disaster Scenarios 121 The Last Great Depression 121 And This Time? 126 Banking Crisis 126 Protectionism 127 Geopolitical Consequences 128 Conclusion 132 Note 132 Chapter 9 The Policy Options 133 Capitalism and the Laissez-Faire Method 134 The State of Government Finances 140 The Government's Options 142 American Solar 143 Conclusion 146 Notes 147 Chapter 10 Fire and Ice, Inflation and Deflation 149 Fire 150 Ice 151 Fisher's Theory of Debt-Deflation 152 Winners and Losers 155 Ice Storm 157 Fire Storm 157 Wealth Preservation through Diversification 158 Other Observations Concerning Asset Prices in the Age of Paper Money 160 Protectionism and Inflation 165 Consequences of Regulating Derivatives 166 Conclusion 166 Notes 167 Conclusion 169 About the Author 171 Index 173
Copyright Date
2012
Lccn
2011-277891
Dewey Decimal
338.54
Intended Audience
Scholarly & Professional
Dewey Edition
23
Illustrated
Yes
Item description from the seller
Seller assumes all responsibility for this listing.
eBay item number:374166991273
Shipping and handling
Item location:
Aurora, Illinois, United States
Ships to:
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan Republic, Bahamas, Bahrain, Bangladesh, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Canada, Cape Verde Islands, Cayman Islands, Central African Republic, Chad, Chile, China, Colombia, Comoros, Cook Islands, Costa Rica, Cyprus, Czech Republic, Côte d'Ivoire (Ivory Coast), Democratic Republic of the Congo, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Islas Malvinas), Fiji, Finland, France, Gabon Republic, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Zealand, Nicaragua, Niger, Nigeria, Niue, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Republic of Croatia, Republic of the Congo, Romania, Rwanda, Saint Helena, Saint Kitts-Nevis, Saint Lucia, Saint Pierre and Miquelon, Saint Vincent and the Grenadines, San Marino, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, Spain, Sri Lanka, Suriname, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vanuatu, Vatican City State, Vietnam, Virgin Islands (U.S.), Wallis and Futuna, Western Sahara, Western Samoa, Worldwide, Yemen, Zambia, Zimbabwe
Excludes:
Barbados, French Guiana, French Polynesia, Guadeloupe, Libya, Martinique, New Caledonia, Reunion, Russian Federation, Ukraine, Venezuela
| Shipping and handling | Each additional item | To | Service | Delivery*See Delivery notes |
|---|---|---|---|---|
| Free shipping | Free | United States | Economy Shipping | Estimated between Wed, May 29 and Fri, May 31 to 43230 |
| US $15.99 (approx C $21.90) | US $15.99 (approx C $21.90) | United States | Expedited Shipping | Estimated on or before Tue, May 28 to 43230 |
| Taxes |
|---|
| Seller charges sales tax in |
Sales tax for an item #374166991273
Sales tax for an item #374166991273
Seller collects sales tax for items shipped to the following provinces:
| Province | Sales Tax Rate |
|---|---|
| Missouri (MO) | 8.238% |
Return policy
| After receiving the item, contact seller within | Refund will be given as |
|---|---|
| 30 days after the buyer receives it | Money Back |
The seller is responsible for return shipping costs.
Payment details
Payment methods
Seller feedback (5,192,618)
z***z (602)- Feedback left by buyer.
Past 6 months
Verified purchase
🏆 SUPER STAR 🤩 AMAZING PHOTOS 🎯 ACCURATE DESCRIPTION ✏️ GENUINE PRODUCTS 💎 HIGH QUALITY 🍯 SUPER PRICES 💰 EASY TO WORK WITH 🍰 ECONOMY HANDLING ⏱️ FAST SHIPPING 🚀 BUBBLE PACKAGE 📦 ARRIVED WITHIN DAYS 🌎 EXCEPTIONAL COMMUNICATION 🎙️ OUTSTANDING CUSTOMER SERVICE 🛎️ GREAT SENSE OF HUMOR 🍿 TOTAL ASSET TO THE EBAY-ECO SYSTEM 🥇 SAVED SELLER 🎱 PROMT REPLY FOR RETURNS 🎯 WOULD BUY FROM AGAIN 🧲 UNDER PROMISES OVER DELIVERS ⛳️ MADE ME VERY HAPPY 🌈 LEFT POSITIVE FEEDBACK 🌼 THANK YOU! 😇 A+++
u***2 (269)- Feedback left by buyer.
Past month
Verified purchase
Outstanding seller. Fair prices that are more than reasonable in this economy. The product is in better condition than described, a true value for my money.
Packaged and shipped well shows seller has concern for the products sold to arrive in excellent condition. The seller communicated timely with progress. Highly recommend this seller & will do business again. Thank you!!⭐️⭐️⭐️⭐️⭐️
a***r (326)- Feedback left by buyer.
Past month
Verified purchase
thrift.books is an awesome place to purchase books! excellent communication! often the books arrive in better condition than described. ships very fast & the books arrive quickly! carefully packaged! +AAAAAAAAAA ebay sellers. i highly recommend thrift.books for people wanting to purchase books! reaasonable prices and shipping costs!
Product ratings and reviews
Most relevant reviews
- Dec 04, 2014
Thank You
More to explore:
- Business & Economy Money Magazines,
- English Money Business & Economy Magazines,
- Business & Economy Monthly Money Magazines,
- Business & Economy Weekly Money Magazines,
- Business & Economy Money Limited Edition Magazines,
- Business & Economy Wired Magazines,
- Business & Economy Magazines in Japanese,
- Business & Economy Bimonthly Magazines,
- Business & Economy Magazines in Russian,
- Business & Economy Forbes Magazines