Description
Temporarily out of stock
Title: Money: 5,000 Years of Debt & Power
Author: AGLIETTA MICHEL
Format: PAPERBACK
Publication date: 03/11/2020
Imprint: VERSO
Price: $29.99
Publishing status: NOT YET PUBLISHED
As the financial crisis reached its climax in September 2008, the most important figure on the planet was Federal Reserve chairman Ben Bernanke. The whole financial system was collapsing, without anything to stop it. When a senator asked Bernanke what would happen if the central bank did not carry out its rescue package, he replied,”lf we don’ t do this, we may not have an economy on Monday.”
What saved finance, and the Western economy, was money. Yet it is a highly ambivalent phenomenon. It is deeply embedded in our societies, acting as a powerful link between the individual and the collective. But by no means is it neutral. Through its grip on finance and the debts system, money confers sovereign power on the economy. If confidence in money is not maintained, crises will follow.
ISBN: 9781786634429
Pages: 480