Paper promises : debt, money, and the new world order /

Coggan, Philip.

Paper promises : debt, money, and the new world order / Philip Coggan. - 1st ed. - New York : PublicAffairs, c2012. - 294 p. : ill. ; 24 cm.

Includes bibliographical references (p. 282-285) and index.

The nature of money -- Ignoring Polonius -- Going for gold -- Money and the Depression -- Dancing with the dollar -- Paper promises -- Blowing bubbles -- Riding the gravy train -- The crisis begins -- Not so risk-free -- Bequeathing our debts -- Paying the bill -- A new order.

A columnist for the "Economist" discusses the history of monetary booms and busts and describes the consequences of the enormous amounts of unrepayable debt racked up by the United States for the country and its citizens.

1610391268 (hardcover) 1610391276 (electronic) 9781610391269 (hardcover) 9781610391276 (electronic)

2011937106


Credit.
Debt.
Dollar, American.
Financial services industry.
International finance.

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