How The Economy Really Works
$129.99
What you’ll learn
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By the end of the course, you will understand how the economy works in the 21st Century. You will see how and why the government directs the economy; and you will be better positioned to anticipate what the government will do next and to understand how that action will impact asset prices.
Up until roughly 100 years ago, the government played very little role in the economy. It was generally believed that the economy worked best when directed by the autonomous forces of supply and demand. During the 18th and 19th Centuries, a consensus emerged on how the Capitalist economy worked; and that classical economic theory has been the foundation of economic teaching ever since.
The economy no longer works the way it did during the 19th Century, however. Over the past 100 years the government’s involvement in the economy has expanded so radically that the economic system itself has little left in common with Capitalism – at least, not at the Macro level. Yet Economics continues to be taught as if nothing has changed; and, for the most part, the public continues to believe that our economy is still driven by natural forces as it always was in the past. But that is very far from the truth.
Today, the government manages – or directs – the economy using a variety of policy tools to ensure that Gross Domestic Product continues to expand. The implications of this fact are very far reaching. It is impossible to understand politics or economics in our era without grasping that the government is managing the economy. Moreover, it is particularly important that investors understand this new reality because government actions now impact the direction of asset prices far more than any other variable.
This Course explains how the economy really works.
Who this course is for:
- Investors, students of economics, politics & history, the business community, journalists, policy makers, and the general public.
Gene Garfield –
A well organized and timely presentation explaining how the US economy has reached its present state and what the prospects are for the future. Highly recommended for non-economists as Mr. Duncan’s explanations are easy to understand and to follow.
Jason Ch’ng –
I was previously confused with the content of GDP, Current Account Deficits, Credit growth and more. Richard has done a great job enlighten myself. It is very clear that FIAT drive us to destruction globally and this 40 years joke will collapse soon.
Jason Nguy –
I took several courses on economics, but none of the other instructors had insight comparable to Richard Duncan. Richard’s course is unique because his information is up to date, obtained through a lot of research, and useful. Many of my other instructors did not spend time updating their teachings. Instead, I have found that most simply taught old concepts that no longer apply in today’s world. This was a great course and I highly recommend it.
Jason N.
Richard Elmgren –
This course is helping me to make sense of the world I was born into in the 1950’s and grew up in, and how the decisions of last century are impacting our world today. Over time, I want to be able to make sense of government policies so my family and I can project where the future will be heading and plan accordingly. Richard Duncan makes a complex topic understandable to someone who is not steeped in economic thinking. I find his logic easy to follow and the charts speak volumes.
M Koch –
Very seldom I found so clear an explanation of current economic developments. The clearness of exposition is only possible because the author understands what he explains.
Recomend the course for everyone who wants to understand investments trends
JCL –
Richard Duncan communicates fundamental ideas that other economic and financial experts seem to overlook. A lot of detail, research, and thought went into this presentation. It helped me try to understand the foundation of the current state of our economy and how we got here. It has helped me understand where the economy may be headed, how the government will respond, and how best to capitalize on the opportunities that may develop.
Linda Pfeifer –
This course explains in plain English why the U.S. economy is on government life-support today. The course also explains how Capitalism has given way to “Creditism” – and what this means for the U.S. and the global economy.
Thomas McHugh –
I learned a great deal from this course, as I did from the first one. I would have liked to see some mention made of the effect of increasing income and wealth inequality on the maintenance of healthy economic growth, but this may have been beyond the intended scope of the course. I will recommended this course to everyone I know with an interest in economics and the future of the American and world economies.
Marton Katona –
An excellent overview of a very complex topic. Economic analysis can be simple if one uses the right model. Richard Duncan has provided such a framework.
Justin Herbe –
Richard did a wonderful job teaching about Credit and the Economy. I will be able to take this back and predict what the future of our country entails. Hopefully other people sitting in high places are watching this.