All money is politics

From Aristotle to Keynes, the complicated relationship between money, the state and its citizens goes back centuries.

In a new book, The Currency Of Politics, the author argues that money never has been, or will be, separate from politics. PHOTO: AFP
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It had been three days since Lehman Brothers filed for bankruptcy. At 11 in the morning on Sept 18, 2008, then US Treasury Secretary Hank Paulson warned members of Congress that US$5.5 trillion in wealth would disappear in the next three hours unless the government took immediate action.

The world economy, he added, would otherwise likely collapse within 24 hours.

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