Paper Promises: Debt, Money, and the New World Order
Categories: Business & Money
Economist columnist Philip Coggan traces the history of money and debt and explains how the debt crisis could reshape the world economic order.
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- Fareed Zakaria: “This week's book of the week is called "Paper Promises: Debt, Money, and the New World Order." It's by Philip Coggan, the columnist for the "Economist." If you want to understand the issues surrounding all this debt that the world is awashing, this is the book for you. Coggan says our debt addiction will cause governments to fall and will bring about a new world order and with China and the Middle East the lenders have great sway. It's a wonderful, interesting, intelligent book at this very important subject.”