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Paper Promises Debt, Money, and the New World Order

ISBN-10: 1610391268

ISBN-13: 9781610391269

Edition: 2012

Authors: Philip Coggan

List price: $27.99
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Description:

For the past forty years western economies have splurged on debt. Now, as the reality dawns that many debts cannot be repaid, we find ourselves again in crisis. But the oncoming defaults have a time-worn place in our economic history. As with crises in the thirties and seventies, governments will fall, currencies will lose their value, and new systems will emerge. Just as Britain set the terms of the international system in the nineteenth century, and America in the twentieth century, a new system will be set by today’s creditors in China and the Middle East. In the process, rich will be pitted against poor, young against old, public sector workers against taxpayers, and one country against another. To understand the origins of this mess and how it will affect the new global economy, Coggan shows us how our attitudes toward debt have changed throughout history—and how they may be about to change again.
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Book details

List price: $27.99
Copyright year: 2012
Publisher: PublicAffairs
Publication date: 2/7/2012
Binding: Hardcover
Pages: 272
Size: 6.25" wide x 9.00" long x 1.25" tall
Weight: 1.100
Language: English

Acknowledgements
Introduction
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
Notes
Bibliography
Index