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Big ups for Bernstein, Against The Gods was a fantastic read and I can’t wait to read Power of Gold. Another book I’d like to throw into the mix here: Central
by ceh123 5y ago
Big ups for Bernstein, Against The Gods was a fantastic read and I can’t wait to read Power of Gold.
Another book I’d like to throw into the mix here: Central Banking 101 [0]
Fantastic overview of how the current central banking system works, written post-Covid so it has some context for the extensive QE that’s been happening over the last 2 years. Author worked on the Fed’s trading desk for over a decade in various capacities so he has a deep experiential knowledge of the plumbing in action.
[0] https://www.amazon.com/Central-Banking-101-Joseph-Wang/dp/0999136747 https://www.amazon.com/Central-Banking-101-Joseph-Wang/dp/09...
- WinterMount223 5y agoI found Bernstein’s Against The Gods shallow and blasphemous.
- throw0101a 5y ago> Fantastic overview of how the current central banking system works If anyone wants a quick '101' primer on monetary systems, Cullen Roche has a good paper: * https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1905625 As does the Bank of England: * https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...