Mad Doings in Trade

Anatole Kaletsky

  • The World’s Money: International Banking from Bretton Woods to the Brink of Insolvency by Michael Moffitt
    Joseph, 284 pp, £9.95, February 1984, ISBN 0 7181 2414 6
  • International Debt and the Stability of the World Economy by William Cline
    MIT, 134 pp, £5.10, September 1983, ISBN 0 262 53048 1
  • Managing Global Debt by Richard Dale and Richard Mattione
    Brookings, 50 pp, October 1983, ISBN 0 8157 1717 2

Money has a younger sister, a very useful and officious servant in trade, which in the absence of her senior relation, is very assistant to her; frequently supplies her place for a time, answers all the ends of trade perfectly, and to all intents and purposes as well as money herself; only with one proviso ... if she be never so little disappointed, she grows sullen, sick and ill-natured, and will be gone for a great while together: her name in our language is called CREDIT ...

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