The new depression : the breakdown of the paper money economy /

• Main Author: Duncan, Richard, 1960-
• Format: eBook
• Language: English
• Published: Singapore : John Wiley & Sons Singapore, 2012.
• Subjects: Financial crises > United States.; Monetary policy > United States.; Credit control > United States.; Credit control.; Financial crises.; Monetary policy.; United States.; Electronic books.

Introduces a new theoretical construct, The Quantity Theory of Credit, discusses how paper money creation is the only thing keeping the global economy from collapse, and provides practical advice for the coming instability.

Table of Contents:

• How credit slipped its leash
• The global money glut
• Creditopia
• The quantity theory of credit
• The policy response: perpetuating the boom
• Where are we now?
• How it plays out
• Disaster scenarios
• The policy options
• Fire and ice, inflation and deflation
• Conclusion.