"Martin sides strongly with the camp that says the financial system failed, particularly the banking system. He suggests that banks broke their traditional bond with governments by going rogue: issuing trillions of dollars of derivatives that flooded the shadow banking system and creating a largely unregulated 'parallel monetary universe.' He calls it a coup d’état, and he’s sympathetic to the dissidents—'Why respect the rules of the system, ask the Occupy protesters and indignados in Madrid, if the system consistently generates crises?'—but rejects financial anarchy and interlopers like Bitcoin and comes down on the side of changing our financial system for the better."
Heidi N. Moore in The New York Times reviews Felix Martin's Money: The Unauthorized Biography.
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