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In The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead.<br /><br />Turner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation.<br /><br />There is no doubt the economy is still in serious trouble, but Turner shows that learning from the mistakes made so far can prevent a situation worse than that of the 1930s crisis.

Author

Graham Turner

Publisher

London ; New York: Pluto Press, 2009. ; New York: Distributed in the United States of America exclusively by Palgrave Macmillan; New York: Distributed in the United States of America exclusively by Palgrave Macmillan, a division of St. Martin's Press

Published

2009

Language

EN

ISBN

9780745329772

Subjects

Business, History, Economics