In remembrance of times past

Norton is publishing Ben Bernanke’s book [amazon_link id=”039324721X” target=”_blank” ]The Courage to Act: A Memoir of a Crisis and its Aftermath[/amazon_link] in October. Mervyn King is also due to have a book out before too long. There have already been a few insider memoirs of the crisis – such as Alastair Darling’s [amazon_link id=”0857892819″ target=”_blank” ]Back from the Brink[/amazon_link] and Bernanke’s earlier [amazon_link id=”0691165572″ target=”_blank” ]The Federal Reserve and the Financial Crisis[/amazon_link] – but these titles from key central bankers will be must-reads, given their pivotal role in averting – by hours? – the closure of the payments systems and economic collapse in late 2008.

[amazon_image id=”039324721X” link=”true” target=”_blank” size=”medium” ]The Courage to Act: A Memoir of a Crisis and its Aftermath[/amazon_image]  [amazon_image id=”0691165572″ link=”true” target=”_blank” size=”medium” ]The Federal Reserve and the Financial Crisis[/amazon_image]  [amazon_image id=”0857892819″ link=”true” target=”_blank” size=”medium” ]Back from the Brink: 1000 Days at Number 11[/amazon_image]

All the more so if one thinks there is a small chance of the whole thing happening again. After all, trade growth and growth in Asian economies is tanking, the yield curve has inverted, there’s the Greek crisis and its insolvent banks. Thank goodness the banks haven’t been selling confected derivatives, and there are no asset price bubbles. Oh, wait.

2 thoughts on “In remembrance of times past

  1. Pingback: In remembrance of times past | Homines Economici

  2. Have you read Benanke’s Blog and Bank Underground?

    What a marvellous age where we can read the thoughts of such people and those who work under them for free!

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