I committed to reading and reviewing every single serious book that is written about the 2008 financial crisis over a year ago because I am afraid of history recording lessons from the crisis that are entirely false, and because I am afraid of economists prescribing solutions that are utterly catastrophic. In a sense, my project was presciently motivated by 13 Bankers by Simon Johnson. Dr. Johnson is an MIT economist and was for a time the Chief Economist of the International Monetary Fund. … [Read more...]
Top 10 Books of 2009 and a Few Names for the Year Ahead
December 30, 2009 By
(10) Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve - William Fleckenstein - Perhaps it was overkill, but if you read this short little book from one of my favorite hedge fund managers and do not come away keenly aware of the role Greenspan played in this economic mess, well, then you ought to start blaming executive compensation or something. (9) The Age of Reagan: The Conservative Counterrevolution - Steven Hayward - He is the best Reagan historian to date. This volume … [Read more...]
