The Alchemists: Three Central Bankers and a World on Fire

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If the first fissures became visible to the naked eyesight in August 2007, suddenly the most powerful men in the world were three men who had been never elected to open public office. These were the leaders of the world's three most important central bankers: Ben Bernanke of the U.S. Government Reserve, Mervyn King of the Bank of Britain, and Jean-Claude Trichet of the Euro Central Lender. Over the next five years, they and their fellow central bankers deployed trillions of dollars, pounds, and euros to support the waves of worry that threatened to bring down the global financial system, shifting a scale and with a quickness that experienced no precedent. Neil Irwin's The Alchemists is a gripping bill of the very most extreme exercise in economic crisis management we've ever before seen, a poker game where the stakes have come across the trillions of dollars. The book starts in, of most places, Stockholm, Sweden, in the 17th hundred years, where central banking experienced its rocky delivery, and then progresses through a quick but dazzling article about how the central banker emerged to exert such huge influence over the world, from its troubled beginnings to age Greenspan, delivering the listener into the present with a marvelous handle about how these results and corporations became what they are - the possessors of amazing electric power over our collective fate. What they thought we would do with those power is the center of the story Irwin tells. Irwin covered the Given and other central bankers from the initial times of the crisis for the Washington Post, enjoying privileged usage of leading central bankers and folks near them. His bill, based on confirming that occurred in 27 places in 11 countries, is the alternative, truly global account of the central bankers' role in the world economy we have been missing. It is a landmark reckoning with central bankers and their electric power, with the fantastic financial crisis of our own time, and with the history of the partnership between capitalism and the state. Definitive, revelatory, and riveting, The Alchemists shows us where money originates from - and where this could be going.


Category: Political Economy

Details

Publisher

Gildan Media, LLC

Language

English

ISBN

DATE

2013-04

Author

Neil Irwin

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