000 nam a22 7a 4500
999 _c48083
_d48083
008 170824b xxu||||| |||| 00| 0 eng d
010 _80
020 _a978-81-321-1344-7
082 _a330.9/Kau
100 _aKaul,Vivek
_926866
245 _aEasy Money : the greatest Ponzi scheme ever and how it is set to destroy the global financial system
260 _aNew Delhi
_bSage Response
_c2015
300 _axxvii, 360
_bPaper
505 _aTable of Contents : Foreword Satyajit Das Introduction Why Robinson Crusoe did Not Need Money Gold is Useful Because it is Useless The Merchant of Venice The Bank of England The Other Life of Isaac Newton Paper Money during the Revolutions How Bank of England Became a Central Bank When the "Cooke" Crumbled The Gold Rush The Creature from Jekyll Island Between the Wars Conclusion
520 _a"A man hears what he wants to hear and disregards the rest", wrote singer and songwriter Paul Simon some decades back. Books on the current financial crisis which started in late 2008 are a tad like that. Until now they have tended to deal with certain aspects of the crisis without looking at the bigger picture of what really went wrong. That bigger picture of the ongoing financial crisis has now started to evolve. Easy Money hopes to capture this big picture. The history of money and the financial system as it has evolved over the centuries stand at the heart of this endeavor. It explores the idea that the evolution of money over centuries has led to an easy money policy being followed by governments and central banks across the world, which in turn has fueled humongous Ponzi schemes, which have now started to unravel, bringing the whole world on the brink of a financial disaster. The book also explains how the lessons of the financial crisis have still not been learned and in trying to deal with it, governments across the world are making the same mistakes which led to the current crisis in the first place.
650 _aGlobal financial crisis
_926979
942 _2ddc
_cBK