Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
63: This Is How Monetary Policy Works in The Islamic State
The Islamic State is mostly discussed in terms of its threat to the safety and security of the world. But as a geopolitical entity, its leadership has to deal with mundane considerations such as operating a financial system. So how does it work? On this week's Odd Lots podcast, the first in a series on money, markets and crime, we speak with Graeme Wood, the author of a new book about ISIS, about the monetary system and how it fits into ISIS ideology. We also discuss how ISIS uses the internet to promote its ideology and to recruit.
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