Hot Money and the Politics of Debt

By R.T. Naylor

Book Overview

A ball of hot money rolls around the world. It seeks anonymity and political refuge. It dodges taxes and sidesteps currency controls. It rolls through offshore shell companies and secret bank... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0671623192
• ISBN13: 9780671623197
• Release Date: January 1987
• Publisher: Linden Pub
• Length: 463 Pages
• Weight: 1.66 lbs.
• Dimensions: 1.6" x 5.5" x 7.9"

Customer Reviews

Very informative

Although the book was written in the 80’s it is still very relevant today. Especially given the current political climate. The book illustrates what happens when croney capitalists and central banks set monetary policy within a country. A wealth gap is created where all the power and assets are carved off to the small ruling class leaving the poor majority with massive amounts of debt, low employment, and an inflated currency.

Excellent, even if "grand unification" theme is suspect

This is a book every single US Senator and Representative should read. The title derives from the reality that illicitly gotten funds create their own momentum as the funds are laundered throughout the world, creating interest, mayhem, and leaving 3rd world countries (preyed upon for weak financial regulations) struggling under massive debt they didn't really incur.