"Before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods-that is, long before the invention of coins or cash. It is in this era that we also first encounter a society divided into debtors and creditors-which lives on in full force to this day. So says anthropologist David Graeber in a stunning reversal of conventional wisdom....

A sequel to the best-selling Currency Wars predicts a coming collapse of the monetary system while counseling investors on how to survive it, arguing that the dollar will be at the center of a crisis that will differentiate money from wealth. " "The next financial collapse will resemble nothing in history. Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of...

Looks at the ways that current dramatic shifts in the domestic and global economy have their roots in the 2008 economic crisis and its aftermath, exploring novel themes in the way the crisis has played out for the past decade and will influence the future.

"The story of billionaire trader Steven Cohen, the rise and fall of his hedge fund SAC Capital, and the largest insider trading investigation in history--for readers of The Big Short, Den of Thieves, and Dark Money Steven A. Cohen changed Wall Street. He and his fellow pioneers of the hedge fund industry didn't lay railroads, build factories, or invent new technologies. Rather, they made their billions through speculation, by placing bets in the market...

The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at...

Chronicles the major contributors to the economic crisis, sharing narrative assessments of the roles played by Wall Street, the mortgage industry, the U.S. government, and leading financial institutions, and discusses the ways in which human psychology was a primary factor.

Picture an early scene from The Wizard of Oz: Dorothy hurries home as a tornado gathers in what was once a clear Kansas sky. Hurriedly, she seeks shelter in the storm cellar under the house, but, finding it locked, takes cover in her bedroom. We all know how that works out for her.
Many investors these days are a bit like Dorothy, putting their faith in something as solid and trustworthy as a house (or, say, real estate). But market disruptions—storms—seem...

Presents a moment-by-moment account of the recent financial collapse that documents state efforts to prevent an economic disaster, offering insight into the pivotal consequences of decisions made throughout the past decade.

The New York Times bestseller
"Blinder's book deserves its likely place near the top of reading lists about the crisis. It is the best comprehensive history of the episode... A riveting tale." - Financial Times

One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons.

Many fine books on the financial crisis were first drafts...

Falling in love as Yale students and moving to New York City in 2008, hedge fund employee Evan is embroiled in a deal that risks everything he has worked for, while nonprofit employee Julia reconnects with someone from her past who represents a different kind of life. For Evan, a scholarship student from a rural Canadian town, Yale is a whole new world, and Julia-- blond, beautiful, and rich-- fits perfectly into the future he's envisioned. Evan...