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We Study Billionaires - The Investor’s Podcast Network

TIP133: Alan Greenspan & Richard Duncan - Macro Economics (Business Podcast)

Apr 9, 2017
Alan Greenspan, former Chairman of the Federal Reserve, joins Richard Duncan, an economist known for his insights on macroeconomic trends. They discuss how $10 trillion was created seemingly out of nowhere and its far-reaching effects on the global economy. The duo analyzes China's booming infrastructure projects and its trade surplus with the U.S., uncovering the implications for globalization. They also touch on rising interest rates, potential recessions, and the complex dance of international currencies as China amplifies its economic power.
50:19

Podcast summary created with Snipd AI

Quick takeaways

  • Richard Duncan emphasizes the dramatic impact of foreign central banks, particularly China, on U.S. monetary policy and interest rates.
  • The transition from a gold-backed to a fiat currency system has led to unsustainable debt levels and the potential for a global economic collapse.

Deep dives

Understanding Richard Duncan's Economic Insight

Richard Duncan is recognized for his deep understanding of macroeconomics, supported by his extensive experience living abroad and working with institutions like the IMF and World Bank. He has authored several influential books, including 'The Dollar Crisis' and 'The Corruption of Capitalism', which contribute significantly to the field of macroeconomic study. His unique perspective stems from witnessing economic dynamics first-hand in various global markets, particularly in Asia. This background equips him with a unique analytical toolset to interpret shifts in global economic patterns and their implications.

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