Summary: <p> As we know, there’s ongoing financial uncertainty going on around the world, and although we think of our economic crisis as a new thing, our guest today says different. Philip Coggan, a columnist for The Economist, says that the accumulation of debt that we’re seeing world wide is an age-old problem. Coggan has written a book called <a href="http://www.amazon.com/Paper-Promises-Money-World-Order/dp/1610391268">Paper Promises: Money, Debt and the New World Order</a>. He joins us to talk about the history of debt and creditors and the crises they can create, and about patterns of debt accumulation throughout world history. <em>Originally Aired 10/23/2012</em></p><p></p><p><strong>Guest</strong><br><strong>Philip Coggan</strong> - Buttonwood Columnist of the Economist (London), and author of Paper Promises: Money, Debt and the New World Order.</p>
