The Crest of a Wave
The most important question addressed in this book is whether a capitalist economy can function properly without market-determined interest.
Edward Chancellor • The Price of Time: The Real Story of Interest
This analysis does not mean that cross-border flows of capital should be severely stifled, much less eliminated entirely. But within the category of foreign capital, some types pose greater risks than others, much as certain kinds of cholesterol are beneficial for the heart while others clog the arteries. In the "good cholesterol" capital-flow
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
long-term debt cycle, which typically plays out over 50 to 75 years