{"product_id":"the-dollar-crisis-causes-consequences-cures-9780470821701","title":"The Dollar Crisis: Causes, Consequences, Cures","description":"\u003cp\u003e • Author(s): Richard Duncan\u003cbr\u003e • Publisher: Wiley\u003cbr\u003e • Publisher Imprint: Wiley\u003cbr\u003e • BISAC: Economics - Comparative\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eFrom the Back Cover\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eREVIEWS FROM THE FIRST EDITION\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Posterity may remember \u003ci\u003eThe Dollar Crisis \u003c\/i\u003eas a seminal book in the field of twenty-first century economics. Indeed, rarely has a book offered such a grim yet well argued view of the current economic situation facing the world.\" \u003c\/p\u003e\u003cp\u003e--\u003cb\u003eSteven Irvine\u003c\/b\u003e\u003cbr\u003e FinanceAsia \u003c\/p\u003e\u003cp\u003e\"Richard Duncan crisply explains why payback time for years of U.S. credit excesses, payments imbalances, and securitized sub-par lending is imminent. Mr. Greenspan, your time is up.\" \u003c\/p\u003e\u003cp\u003e--\u003cb\u003ePhilip Bowring\u003c\/b\u003e \u003cbr\u003e \u003ci\u003eInternational Herald Tribune\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eIn this revised edition of the highly acclaimed international bestseller, \u003ci\u003eThe Dollar Crisis: Causes, Consequences, Cures, \u003c\/i\u003e Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Dollar Crisis\u003c\/i\u003e is divided into five parts.The first four parts have been left as they appeared in the original edition of the book. The seven chapters that comprise Part Five are entirely new. \u003c\/p\u003e\u003cp\u003ePart One describes how the U.S. trade deficits, which now exceed U.S.$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble. \u003c\/p\u003e\u003cp\u003ePart Two explains why these giant deficits cannot persist and why a U.S. recession and a collapse in the value of the dollar are unavoidable. \u003c\/p\u003e\u003cp\u003ePart Three analyzes the extraordinarily harmful impact that a U.S. recession and collapse of the dollar would have on the rest of the world. \u003c\/p\u003e\u003cp\u003ePart Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sustainable economic growth in the decades ahead. \u003c\/p\u003e\u003cp\u003ePart Five describes the extraordinary evolution of this crisis since the first edition was completed in September 2002. It also considers how the dollar crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and why that response is unlikely to succeed. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThe dollar standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the twenty-first century.\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Paperback","offer_id":45117275963543,"sku":"9780470821701","price":285.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780470821701.webp?v=1769206437","url":"https:\/\/atlanticbooks.com\/products\/the-dollar-crisis-causes-consequences-cures-9780470821701","provider":"Atlantic Books","version":"1.0","type":"link"}