The Cost of Free Money | Paola Subacchi

The Cost of Free Money: How Unfettered Capital Threatens Our Economic Future

Extended Synopsis

When examining the afflictions of the global economy, politicians and pundits often point the finger of blame at international trade. However, in The Cost of Free Money, Paola Subacchi argues that the true culprit is unconstrained capital flows. This penetrating account details how unfettered capital mobility has caused a string of financial and economic crises, leaving political systems strained and international dialogue severely corroded.

Subacchi illustrates how the once-celebrated benefits of economic openness have been cast aside, crippling international cooperation and interdependence. Combining deep historical context, rigorous financial analysis, and forward-looking predictions, the book outlines the emergence of a multipolar order. Subacchi predicts a distinctly transformed economic landscape where regional restrictions strengthen, and China directly challenges the long-standing dominance of the US dollar.

Accolades & Key Features

• Critically Acclaimed: Named one of the "Best Books of 2020: Economics" by Martin Wolf of the Financial Times.
• Comprehensive Analysis: Explores the failures of the international monetary 'non-system' that emerged post-Bretton Woods in the 1970s.
• Visual Data Integration: Includes analytical data charts, global macro matrices, and capital flow metrics for an enhanced understanding of economic models.

Reader Targeting

• Economists, financial analysts, and corporate strategists navigating global markets.
• Students and academics focused on international finance, public policy, and political science.
• Readers seeking a deeper understanding of monetary systems, capital mobility, and the future of the US dollar.

About the Author

Paola Subacchi is an esteemed expert on global financial and monetary systems. Through her extensive research and writing, she provides critical insights into international economics, capital markets, and the shifting dynamics of global financial power.

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