binge
Distinguished Member
- Joined
- Jan 5, 2008
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How did you like LoF binge?
I read the intro but stopped to read From Poverty to Prosperity, which you might enjoy given LoF.
Thanks for the rec. I picked up LoF at the airport on the way home from spending Christmas in Seattle. It was an interesting read for someone (like me) without any finance background. The title is a bit misleading IMO because it's not an account of how the central bankers "wrecked" the worldwide economy; rather I found it a neutral account of the events, institutions and people involved. It seemed to me that the way the author presented things, the central bankers more or less did was what right according to the state of the practice at the time. The two things the author suggests that really hurt things were the reparations saddled on Germany and Britain returning to the gold standard at the same pre-war rate. America refusing to forgive war debts to England and France was criticized but was secondary to the first two.