Abstract
Contemporary culture takes its mature but most dangerous form in the years following the financial crash of 2007–09. There is no shared vision of how societies should function or how money and monetary institutions can help to achieve social aims. This is a new situation. The last link to any such theory was shattered in the crisis. Modern money is a weapon in the international tug of war. Monetary manipulation increases inequality, distorts new investment, fuels asset price bubbles, encourages monopolies, and is itself protectionist. Currency wars are endemic.
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Notes
- 1.
See end of Chap. 4.
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Pringle, R. (2019). Money as a Tool of the State. In: The Power of Money. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-25894-8_14
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DOI: https://doi.org/10.1007/978-3-030-25894-8_14
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