A review by skylar2
The End of Alchemy: Money, Banking, and the Future of the Global Economy by Mervyn A. King

3.0

Mr. King clearly knows what he's talking about on monetary policy and bank regulation, but his public and fiscal policy recommendations detract from that knowledge. He dismisses the utility of government stimulus in the Great Recession, ignoring the fact that the US stimulus should have been much bigger, and could have been much more punitive on the banks. He also places too much faith in the IMF for dealing with crises in the developing countries, ignoring completely the IMF's role in causing those crises through their draconian austerity requirements.