Quando il diritto altera la realtà: la manipolazione del denaro e le sue conseguenze in Usa, Regno Unito, UE e Italia

The article addresses a topic that so far has arguably not received enough consideration from legal scholarship: the manipulation of money by monetary authorities. Drawing on a legal history analysis, it outlines the main steps that eventually brought to the monopoly of money in four selected legal systems: the US, the UK, the Eurozone, and Italy. The article then builds on this analysis and argues that the monopoly over money entrusted to central banks was one of the main determinants of the crisis; in the conclusion, a reflection is also offered on how such a huge power, in the hands of unaccountable bureaucrats, poses a serious threat to the very tenets of democracy and to popular sovereignty.