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A light-hearted glimpse at some of the more entertaining episodes of financial history. Bryan Taylor works by using his knowledge of the previous to illustrate how firms and governments have assisted and harmed the financial state and money markets. Audience will master about the greatest counterfeiter of all time, the to start with publicly traded bonds, the worst inflation in background, the currency that created two countries, zombie bonds, and the New Jersey tailor who went to jail for undercutting other tailors by 5 cents. Taylor offers his insights on the gold common, authorities credit card debt, the stock sector and why the Fed will keep curiosity premiums lower for several years to appear. No matter if searching for an amusing glimpse into the earlier or to understand how the economic climate can have an effect on the inventory current market, Financial debt, Defaults, and Despair provides each. Even persons who believe calling economics the “dismal science” is remaining also type will appreciate this e book.