The general impression of this book seemed as one short-guide financial handbook, the contents of 6 chapters are organized coherent and closely. Through the narrative written language and artistic storytelling of Fergurson, readers will easily read the book to the end with numerous events related to the history of money. Yet, the strength of the book was also its weakness, Diversity of character biographies in history brightened fiancé which did not contribute much to Ferguson 's thesis statement. In fact, the book missed ...
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...funds. They are two options against the unpredictable and unexpected losses. The first option is the individual have to purchase an insurance policy, and the other is for the social bear this risk through the welfare state program. However, the welfare state has undermined itself due to an increase of people live off in the program, and a decrease of people contribute its share. A well-known dismantle of the well fare state was hedge funds for companies or whom can afford.
Chapter five described a terminology “safe as houses” is defined house is the safest thing to invest. Ferguson argued people should invest to the housing market, but banks should also open access to loan to anybody. This is the idea of freedom of owning a house in capitalist sociality. As a result, the subprime lending process has led to massive mortgages were defaults and started Financial crisis
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