The New International Money Game

Front Matter....Pages i-xxiv
A System is How the Pieces Fit....Pages 1-16
The Name of the Game is Money....Pages 17-36
Front Matter....Pages 37-37
‘The Greatest Monetary Agreement in History’....Pages 39-59
The Gnomes of Zurich Play in the Largest Market in the World....Pages 60-85
Gold — How Much is a ‘Barbarous Relic’ Worth?....Pages 86-105
The Dollar and Coca-Cola are Both Brand Names....Pages 106-123
Radio Luxembourg and the Eurodollar Market are both Offshore Stations....Pages 124-134
They Invented Money so They Could Have Inflation....Pages 135-151
Oil and the OPEC Roller Coaster....Pages 152-167
The Three Ds — Disinflation, Deflation, and Depression....Pages 168-178
Optimal Bankrupts — Deadbeats on an International Treadmill....Pages 179-198
Central Bankers Read Election Returns, not Balance Sheets....Pages 199-212
Monetary Reform — Where Do The Problems Go When They’re Assumed Away?....Pages 213-228
Front Matter....Pages 229-229
The Money Game and the Level Playing Field....Pages 231-238
The Underground Economies and the Cost of Regulation....Pages 239-248
Tax Avoidance — A Game for the Rich....Pages 249-264
Banking on the Wire....Pages 265-278
Zeros, Swaps, and Options — The Revolution in Finance....Pages 279-293
The World Markets for Stocks and Bonds....Pages 294-306
Why are Multinational Firms Mostly American?....Pages 307-329
Front Matter....Pages 229-229
Japan — The First Superstate?....Pages 330-346
China — The 800lb Gorilla....Pages 347-355
Zlotys, Rubles, and Leks....Pages 356-369
Transition Economies: Who Lost Russia?....Pages 370-379
Fitting the Pieces Once Again....Pages 380-386
Back Matter....Pages 387-403