Money Laundering and Oliver Bullough’s New Pearl-Clutching Book

I’ve never been more in favor of money laundering than after reading British journalist Oliver Bollough’s new book, Everybody Loves Our Dollars: How Money Laundering Won. That might sound odd, and is certainly not what the author intended, so let me explain. The marvel that is large-scale supply chains and the global division of labor involving literally billions of people is all coordinated by money changing hands and price signals informing people about the minute-by-minute relative scarcity and desire for various goods and materials. It’s an elaborate human exercise in information exchange