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October 22, 2008
Book Recommendation du Jour: The Cash Nexus
My book recommendation du jour is Niall Ferguson's overlooked The Cash Nexus. It is a prodigiously researched and and authoritative look at the relationship between money and power from 1700-2000.
Ferguson's book should be required reading for anyone trying to understand the long and difficult relationship between economic cycles, debt (both public and private), financial innovation and political systems in this world of ours.
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