Tag Archives: richard duncan

Mark Pack

The New Depression: Richard Duncan’s prognosis of our economic ills and the answer to them

By Mark Pack | Mon 18th June 2012 - 1:54 pm

A slight change from the usual in my day job at MHP Communications has come courtesy of our client Richard Duncan and his new book, The New Depression, which is primarily about the US but with lessons that are very applicable to the UK.

In a nutshell, his case is half-Austrian. Or indeed half-Keynesian. That is because whilst Duncan’s diagnosis of the current economic ills is very much in the Austrian school of economics, with its emphasis on the role of credit, his prescription for fixing the economy is large-scale borrowing to fund infrastructure work, all of which sounds rather Keynesian.

Continue reading »
Posted in Books and Op-eds | Also tagged | 17 Comments
Advert

Recent Comments

  • Peter Davies
    "The Greens’ major objective is to preserve the planet as a liveable space for humanity." I'm not convinced that is still in their top three....
  • Peter Wrigley
    I think it helps to look at the parties in terms of their major objective, or usp if you prefer. The Liberal Democrats' major objective is to preserve, prote...
  • James Hill
    @David Allen There is 0% chance that the result of the next election is a Tory-Lib Dem coalition. And the tax cut proposed by Ed has also been proposed by the t...
  • James Hill
    @Rob Heale The problem with VAT, is generally when rates are lowered, the savings are not passed on to consumers and instead pad out profit margins. This has me...
  • James Hill
    @Peter Davies I agree, I think higher rates of pension credit should be looked at – would be a much more effective, targeted and cheaper way to reduce pension...