A Fabulous Debt

Robin Wigglesworth is the Financial Times'' global finance corrospondent based in Oslo, Norway. He focuses on the biggest trends reshaping markets, investing and finance across the world. He was previously the FT''s US markets editor, spearheading its coverage of financial markets and asset management across the Americas, deputy head of FastFT, capital markets correspondent, and Gulf correspondent. Before joining the FT, he worked at Bloomberg News covering Nordic economics and politics.>

Autorentext
Robin Wigglesworth is the author of Trillions and editor of the Financial Times' finance blog Alphaville. He writes about the biggest trends reshaping markets, investing, finance and economics across the world. Before joining the Financial Times, he worked at Bloomberg News.

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THE INSTANT NEW YORK TIMES BESTSELLER

"AN EXCELLENT READ, FULL OF CHARACTER, COLOUR AND ANECDOTE" - The Times

"A COMPELLING HISTORY OF A POWERFUL IDEA" - Jacob Goldstein, author of Money

From veteran Financial Times journalist Robin Wigglesworth, an epic history of the debt that built the modern world.

Long considered the "boring" corner of finance, bonds are anything but. They are bigger than the stock market and rival even the global banking system in influence. But they are also misunderstood - treated as mere debt, when in fact their impact is radically different.

From medieval Venice to modern Wall Street, Robin Wigglesworth uncovers the sweeping, unveiling story of the bond market. With clarity and wit, this is a people's history of finance: rich in drama, full of colourful characters, and bursting with insights.

Bonds have funded everything from the Crusades to climate tech, Netflix series to AI data centres. Pooling capital from citizens and merchants at an unmatched scale, they have been the hidden force behind some of humanity's highest achievements and greatest calamities. This isn't just a book about the past. It's a guide to the future of finance, and a love letter to the engine that keeps it running.