No Way to Run an Economy: Why the System Failed and How to Put I

No Way to Run an EconomyWhy the System Failed and How to Put It Right\nAuthor(s): Graham Turner\nFormat: Paperback\nPublisher: Pluto Press, United Kingdom\nImprint: Pluto Press\nISBN-13: 9780745329765, 978-0745329765\nSynopsis\nIn The Credit Crunch, Graham Turner predicted that banks would be nationalised and interest rates would be reduced too slowly to halt the crisis. His predictions were correct. His new book, No Way to Run an Economy, is the essential guide to the turbulent times ahead.\n\nTurner recommended radical measures, such as quantitative easing, in early 2008 but argues that action has been taken too late and been too timid to make a real difference. He dissects the policy mistakes of the last 12 months including Obama's doomed market-led response to the crisis and the obsession of central banks with the red herring of inflation.\n\nThere is no doubt the economy is still in serious trouble, but Turner shows that learning from the mistakes made so far can prevent a situa.