Summary:
The book explores the history and evolution of money and debt, examining the role they play in global economic systems and the potential instability they can cause. It delves into the challenges of the modern financial world, including the sustainability of national debts and the shifting balance of power as emerging markets rise.
Key points:
1. Money's Evolution: Coggan traces money from physical goods to digital forms, highlighting the reliance on trust in its value, whether it's shells, metals, or paper.
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