The Greatest Crash
How Contradictory Policies are Sinking the Global Economy
"Radical thinkers might have a point" - Financial Times
The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. Les mer
The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. Les mer
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"Radical thinkers might have a point" - Financial Times
The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. The weight of debt already created prevents further economic expansion, while paying down the debt shrinks economies. To escape this trap, evolution is needed. But bureaucratic design, delegated government, and group think, all combine to prevent evolution.
The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. The weight of debt already created prevents further economic expansion, while paying down the debt shrinks economies. To escape this trap, evolution is needed. But bureaucratic design, delegated government, and group think, all combine to prevent evolution.
Key themes explored in the book: - How the financial system evolved by trial and error. - The build up to the credit crunch. - Wishful thinking with numbers, and more. - Paradoxes of our times and policy contradictions. - Group think. - Academic differences of opinion. - The dark side of capital markets. - The attitude change.
"Radical thinkers might have a point" - Financial Times