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Craig Karmin’s in-depth “biography” of the dollar examines the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile currency, and the little-known circles of foreign exchange traders who determine a currency’s worth. It’s “a surprisingly entertaining and informative social history of the currency that makes the world economy go round,” says Kirkus Reviews.
“An incredible book that should be required reading for anyone whose future depends on understanding how the dollar is valued and manipulated." –Timothy Ferriss, #1 New York Times bestselling author of The 4-Hour Workweek
“An indispensible guide to understanding the way both the U.S. and the world economies work and the dollar’s role in keeping the economic skids greased." –Ram Charan, coauthor of Execution: The Discipline of Getting Things Done and The Game-Changer
“It’s hard to imagine a more entertaining book on such a vital subject.” –Bloomberg.com
“Craig Karmin’s fortuitously timed Biography of the Dollar argues that the greenback’s recent plunge is more than just a market tumble.”–Portfolio
Introduction 1
Chapter 1 Fishing in the Three-Trillion-Dollar Pond 19
Chapter 2 Blowing Up the Money Factory 59
Chapter 3 More Sound Than the Pound, and Good as Gold 99
Chapter 4 The Triumphs and Travails of a Dollar Colony 151
Chapter 5 The Dollar's Buyers of Last Resort 195
Chapter 6 An End to America's Exorbitant Privilege? 223
Bibliography 251
Acknowledgments 254
Index 256
Overview
Craig Karmin’s in-depth “biography” of the dollar examines the power of the Federal Reserve, the inner sanctums of foreign central banks that stockpile currency, and the little-known circles of foreign exchange traders who determine a currency’s worth. It’s “a surprisingly entertaining and informative social history of the currency that makes the world economy go round,” says Kirkus Reviews.
“An incredible book that should be ...