User:Fede.Campana
Hello there!
Coming back to the wiki world after quite a while!
Pages created:
Richard Duncan (economist) -moved to the draftspace: Draft:Richard Duncan (economist) - and soon to be deleted :-/ (backup below)
Paul Joannides (psychoanalyst)
Richard Duncan[edit]
Richard Duncan is an American economist creator of the "Quantity Theory of Credit", as opposed to the more commonly accepted "Quantity Theory of Money" (QTM).[1]
He authored the following books:[2][3][4]
- The Dollar Crisis: Causes, Consequences, Cures, published 2003.
- The Corruption Of Capitalism: A strategy to rebalance the global economy and restore sustainable growth, published 2009.
- The New Depression: The Breakdown Of The Paper Money Economy, published 2012.
Quantity Theory of Credit[edit]
Duncan outlines his Quantity Theory of Credit adapting Irving Fisher’s equation relating money supply and prices. Instead of MV=PT (the money supply times the velocity of circulation equals the price level times the number of transactions), he suggests CV=PT. The C stands for the total credit in the economy, while V is the turnover of credit. Thus according to Duncan, "more credit, extended more often, means higher asset prices".[1]
References[edit]
- ^ a b "Duncan dough notes". The Economist. ISSN 0013-0613. Retrieved 2020-09-27.
- ^ "Richard Duncan". The Globalist. Retrieved 2020-09-27.
- ^ "Richard Duncan: It's Too Late To Turn Back Now... So Borrow More!". McAlvany Weekly Commentary. 2020-08-12. Retrieved 2020-09-27.
- ^ "Richard Duncan". Financial Sense. Retrieved 2020-09-27.