The Last Dollar: How the World Could Lose Its Sovereignty to a Single Invisible Authority
The Comfort of Appearances In the middle of the third decade of the twenty-first century, economic life in much of the developed world appears, at least superficially, reassuringly normal. Wages are paid on time, markets continue to rise and fall in familiar rhythms, governments borrow without apparent difficulty, and central banks communicate with a tone of measured confidence. After the turbulence of recent years, many people have accepted the idea that the system, though occasionally strained, ultimately proves resilient. This perception is not entirely false. The system does continue to function. What is less visible, however, is the degree to which it now depends on constant coordination, artificial stabilization, and policy measures that would once have been considered extraordinary. The appearance of continuity conceals a deeper structural shift that is rarely discussed outside specialist circles. Within central banks and international financial institutions, there is g...