● The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse
By Mohamed El-Erian
Review via The Economist
Mohamed El-Erian, a former IMF economist and executive at the Pimco fund management group, is the latest to sound the alarm. While central banks “averted tremendous human suffering”, he argues that they have failed to generate what the Western world really needs—“the combination of high, durable and inclusive growth together with genuine financial stability”.
Continue reading →