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R. Christopher Whalen

Subtitle: How Money and Debt Built The American Dream, Wiley, N.Y., 2011, 393 pgs., index, references, notes


Reviewer comment: This book builds the history of American financing toward an explanation of the 21st century. But the sections on pre-Civil War finances are valuable in themselves. The book should be read with companions: John Steele Gordon's An Empire of Wealth, Charles Calomiris Fragile by Design, and Felix Martin's Money.


Preface and Introduction by Nouriel Roubini


Chapter 1 - Free Banking and Private Money


Chapter 2 - Lincoln Saves a nation by Printing Money


Chapter 3 - Robber Barons and the Gilded Age


Chapter 4 - The Rise of the Central Bank


Chapter 5 - War, Boom, and Bust


Chapter 6 - New Deal and Cold War


Chapter 7 - Debt and Inflation: A Rising Tide Lifts All Boats


Chapter 8 - Leveraging the American Dream


Chapter 9 - A New Monetary Order


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