Number of pages: 304
Publisher: Portfolio
BBB Library: Technology and Globalization
ISBN: 9781591844495
Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries’ stealing growth form their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence! Left unchecked, the next currency war would lead to a crisis worse than the panic of 2008. Currency wars have happened before; twice in the last century alone, and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.
In the midst of the most serious financial upheaval since the Great Depression, legendary financier George Soros explores the origins of the crisis and its implications for the future. Soros, whose breadth of experience in financial markets is unrivaled, places the current crisis in the context of decades of study of
The global financial crisis has already inspired over a thousand books, not to mention myriad articles, blogs, and other commentary. Some are simply expressions of anger. Others document the hole we find ourselves in or perform forensics on how we nearly buried ourselves alive. Fewer focus on what is to be
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