Money and Finance
Book TV: Lords of Finance: The Bankers Who Broke the World
This interview is from 2009.
Liaquat Ahamed presents in his book, Lords of Finance: The Bankers Who Broke the World that four of the world's central bankers attempted to rebuild the global economy following World War I but instead contributed to the economic collapse that led to the Great Depression. Mr. Ahamed profiles the central bankers from England, Germany, France, and the United States and examines their collective fear of inflation, their interest in the gold standard, and their failed plans to stabilize the international economy. Liaquat Ahamed discusses his book with Gerald Seib, executive Washington editor of The Wall Street Journal. Liaquat Ahamed's Lords of Finance was the 2010 Pulitzer Prize recepient for history.
Related book: Lords of Finance
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Links
Jason Zweig: Would Benjamin Graham Have Hated Index Funds? (LINK) A Dozen Things Learned from Lou Simpson About Investing and Business (LINK) Liaquat Ahamed on WealthTrack (LINK) Related book: Lords of Finance: The Bankers Who Broke the World [I listened...
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The Absolute Return Letter - July 2013: Much Ado About Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging...
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Albert Edwards Excerpt...
The excerpt below was posted on Business Insider HERE:And while we are on the theme of mission creep, the incoming Bank of England Governor Mark Carney has given the clear impression from his statements over recent weeks that he does not agree with Mervyn...
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Believe The Hype In Hyperinflation - By Tim Harford
First, hyperinflation is a phenomenon of the modern era: with a single exception, every hyperinflation has occurred since the end of the first world war. The outlier is revolutionary France, where monthly inflation passed 300 per cent in the summer of...
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History Rhyming?
The excerpt below is from Liaquat Ahamed in Lords of Finance, writing about September 1929. It reminded me a little bit of today’s situation where stocks are close to highs, there is some positive economic data mixed with weak economic data, and you...
Money and Finance