A Nation of Counterfeiters

Harvard University Press
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Prior to the Civil War, the United States did not have a single, national currency. Counterfeiters flourished amid this anarchy, putting vast quantities of bogus bills into circulation. Their success, Mihm reveals, is more than an entertaining tale of criminal enterprise: it is the story of the rise of a country defined by freewheeling capitalism and little government control. Mihm shows how eventually the older monetary system was dismantled, along with the counterfeit economy it sustained.
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About the author

Stephen Mihm is Assistant Professor of History at University of Georgia.

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Additional Information

Publisher
Harvard University Press
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Published on
Jun 30, 2009
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Pages
469
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ISBN
9780674041011
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Language
English
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Genres
Business & Economics / Economic History
History / United States / 19th Century
History / United States / Civil War Period (1850-1877)
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Content Protection
This content is DRM protected.
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This myth shattering book reveals the methods Nouriel Roubini used to foretell the current crisis before other economists saw it coming and shows how those methods can help us make sense of the present and prepare for the future.

Renowned economist Nouriel Roubini electrified his profession and the larger financial community by predicting the current crisis well in advance of anyone else. Unlike most in his profession who treat economic disasters as freakish once-in-­a-lifetime events without clear cause, Roubini, after decades of careful research around the world, realized that they were both probable and predictable. Armed with an unconventional blend of historical analysis and global economics, Roubini has forced politicians, policy makers, investors, and market watchers to face a long-neglected truth: financial systems are inherently fragile and prone to collapse.

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