I.O.U.: Why Everyone Owes Everyone and No One Can Pay

The wildest story in the world these days is not fiction; it's what's really happening all around us as the world's global economy has gone into freefall. How did we get here? What does it all mean? How could so many smart people be so dumb and believe their own hype?



Accessibly, cleverly, and with mordant humor, journalist John Lanchester trots the globe in search of the answers to these questions-to Iceland, the scene of catastrophic bank collapse; to Hong Kong, the city of his birth built...