In the tradition of Bankruptcy 1995, the executive editor of the Harvard Business Review demystifies the arcane world of international currency trading and shows how this 24-hour-a-day global electronic bazaar wreaks havoc on the American economy. This description may be from another edition of this product.
This book filled in all the "holes" in my education in the area of money and economics. It gives a detailed history of the evolution of money from the beginning days when money had it's own intrinsic value, thru the moment when Nixon took the dollar off the gold standard to the present where money now exists as an abstraction, just numbers on a computer screen backed by nothing. The author distinguishes between the real economy...
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This book was written 11 years ago, so some of its information is dated, but its basic premise has only become stronger: that the nature of money has changed from a tangible medium of exchange (i.e., cash) into a complex and chaotic system of computerized balance sheets and numerical flows. The Federal Reserve estimates today that the entire worldwide supply of US money is currently about 10 trillion dollars ($10,000,000,000,000)...
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