Remember these points when you read about the next economic and financial crisis:
“Sound money versus stimulus is the wrong debate.”
“Defined benefit pension schemes … could well assume zero or even negative returns in the future.”
“Demand for credit will decline, just as banks become even more selective about who they lend money to.”
“Do we wish to compound economic and political upsets by continuing to expand the supply of credit?”
All can be found in:
e-book 9781907230776, UK print edition 9781907230790, US print edition 9781907230769, paperback 9781907230783 available everywhere except UK/US, see links to stores. The UK print edition has a UK postscript as a bonus.