At the start of the 21st century, 50 years after the abolition of the Bretton Woods monetary system, technology, economics, and politics are more intertwined than ever before. In his new book, economist Vladislav Inozemtsev assesses the main trends in the development of global finance and describes the signs of a "new economy": the authorities of the United States and European countries encourage innovation and do not limit the emission of money, using money as an anti-crisis regulation tool, while China and oil-producing countries remain captive obsolete ideas about a balanced budget and the importance of foreign exchange reserves. In the new financial reality, Western countries no longer need to limit their debt burden. Nor is the collapse of the dollar, and therefore the end of American hegemony, in sight. Inozemtsev's book combines the genres of historical essay and economic research and will be of interest to a wide range of readers.
