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Workers were financialized, too, forced to take increasing risks in the housing market and with their pensions. A new mantra--'There is no alternative' or TINA--was born

High interest rates are wonderful for those living on unearned income, so-called rentiers, but not so good for manufacturers, who see their investment costs skyrocket and the purchasing power of their customers plummet.

on the morning of 15 September 1978, they had signed a bilateral agreement to create the European Monetary System (EMS)--the Euro's precursor

This may sound more bombastic than I mean to be.

This is the kind of story we are talking about, and they are too numerous and too florid to fit here.