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January 2, 2008

Books: Why Are there So Many Central Banking Crises?

You have to love my friend Jim Cramer. On CNBC he just called the Fed your enemy, and said studying it for the future of U.S. markets is up there with being a Kremlinologist, both in terms of its inscrutability and its current irrelevance.

All kidding aside, People do need to be reminded: There are an awful lot of central banking crises, many of them precipitated and made worse by blind worship at the altar of central banks as saviors. Some book-length related reading on the subject that is next on my reading list: Why Are There So Many Banking Crises?

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