New Books In National Security

The functioning of the global economy remains as relevant a topic as ever before. Commentators continue to debate the causes and consequences of the financial crisis that hit the United States from 2007-2008. They also continue to ask questions such as: How long will China keep purchasing the treasury bonds that the U.S. government needs to help finance its ever-increasing debt? Just how long can the dollar remain the global reserve currency before being replaced by another national currency or some sort of international monetary unit? Will the global flows of capital facilitated by “free-floating” exchange rates eventually undermine the healthy functioning of international economy and usher in another global depression? In his new book The Summit: Bretton Woods, 1944 (Pegasus Books, 2014), journalist Ed Conway uses the story of the Bretton Woods Summit to help readers better understand the difficulties involved in creating a stable and prosperous global monetary system. In easy-to-follow and enga