Reviews

“Robert Pringle’s The Money Trap should be very high on the list of books for anyone wanting to understand the weaknesses and flaws in the existing approaches to national monetary and banking policies and the international arrangements that link them. “ Robert Pringle’s The Money Trap should be very high on the list of books…
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This is indeed a red-letter day for RP’s Diary. A grand review of the book has been published in a prestigious US journal. It states that  The Money Trap “provides a superb explanation of how we got into this mess” – and a way out and “what we need to understand in order to properly…
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First published in Central Banking, Vol XXIII, Number i, August 2012, page 86. Four insights in particular are worth mentioning: First, Pringle is right to draw attention to the frequency of financial instability in the post-Bretton Woods world. Since the early 1980s there has been an average of one such episode every three years. The relationship between these…
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Central banking used to be an august profession – highly respected, almost reverred, mainly because they looked after everybody’s money. But now that Wall Street can rake in more money than God, and the Fed and European Central Bank are still printing money to keep their economies from deflating, central bankers have lost their god-like…
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“The Money Trap… offers a welcome alternative to most accounts of the Financial Crisis. The solutions may be on the radical side, but as growth forecasts continue to be revised downwards, and job figures continue to disappoint, such approaches may come to seem ever less radical.” Two weeks ago, delegates at the Republican National Convention nominated Mitt Romney…
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