Neither economics or finance are my strong suit. I took 6 credit hours of economics in college using an early edition of Dr. Paul Samuelson's famous text. That book was not as quantitative as is now the driver for the discipline. That said I always find books for the general audience that I enjoy and learn from. From the books of Michael Lewis with his brilliant "Liars Poker" to the books by Ron Chernow about Rockerfeller and Morgan the economic and finanical history of the US is explored.
Now a new gem IMO has been added. Co-authored by Bethany McLean and Joe Nocera entitled "All The Devils Are Here" subtitled "The Hidden History of the Financial Crisis" and it explores key history back to the 1970's in US economic and financial circles. Bethany was also the co-author of another gem "The Smartest Guys In The Room" about the Enron collapse.
At any rate great reading and my conclusion after reading is that no real financial reform has occurred and the US is again pretending that the king is wearing clothes. So guess we need that small honest boy to tell US that he is naked, stark naked. Unfortunately, I believe that many of the key nation-states that control international economics and finance and their leadership understand completely the US financial cupboard is bare and are shorting the American economy as their basic strategy.
Judge for youself.
Happy New Years!
