Excerpts

Bitter Money Fights Shaped U.S. History” (Bloomberg View): The War of 1812, the 2011 debt ceiling standoff,  and the fundamental nature of deficit politics. (From the Introduction.)

Abandoning Gold Helped Dollar Gain Preeminence” (Bloomberg View): A brief tour through American monetary history, from 1790 to Bretton Woods. (From chapter 2.)

How the U.S. Became Banker to the Post-War World” (Bloomberg View): The end of Bretton Woods and its implications for the financing of U.S. government debt. (Also from chapter 2.)