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These freedoms, along with a stable currency, help to create economic growth and prosperity.
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The promise of a stable currency helped to draw in too much of the wrong sort of capital.
As Di Dongsheng of Renmin University in Beijing puts it in a chapter in another new book, "The Power of Currencies and Currencies of Power": "Great powers have great currencies, and a solid currency helps to build up power".
Within a country, signs of statehood are a functional and universally recognized currency, helping to build community identity as much as a flag or a national anthem.
A more serious concern is that tourism brings hard currency, helping to prop up one of the most frightening totalitarian regimes in the world, where survival for millions of people depends on food aid from abroad.
The Frankfurt-based bank will use electronically created money to buy the bonds of eurozone governments – quantitative easing – to try to boost confidence, push up inflation and drive down the value of the single currency, helping to increase exports and kickstart growth.
SpiceCommunity currencies help to remind us of the reciprocity that always holds communities together.
Foreign-exchange intervention, to push down a currency, could help to boost output and raise import prices.
This would permit them to raise interest rates, and a stronger currency would help to curb import prices.
It doesn't necessarily mean bad times are ahead, and the value of our currency will help to some extent with regard to falling commodity prices.
A weaker currency would help to prevent the economy from tumbling into a deflationary spiral.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com