Kenneth S. Rogoff

A comprehensive look at international financial crises that puts more recent economic meltdowns into perspective Throughout history, rich and poor countries alike have been lending, borrowing, crashing — and recovering — their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different" — claiming that the old rules of valuation no longer...

From the New York Times bestselling author of This Time Is Different, this book is "a fascinating and important book" (Ben Bernanke) about phasing out most paper money to fight crime and tax evasion, and to battle financial crises by tapping the power of negative interest rates. The world is drowning in cash—and it's making us poorer and less safe....