The Age of Turbulence

Posted on August 16, 2009


The Age of TurbulenceThis was interesting, in parts.  But, in the current climate, it should have been fascinating.

The biographical bits of the book are great, it’s good to see how Wall Street operated way back when, but as the book wears on it feels a bit repetitive.  Yes, Alan, we know you’re in favour of free markets and anti-central-planning.

The most interesting section should have been the Delphic predictions at the end, but, sadly, they are in danger of allowing the ‘dull science’ merely to live up to its name.  There are no revelations here, and perhaps nobody should be under any illusion that that should ever have been the case, but there are some charming bits, some that fall repetitively flat, and others that boggle.

Overall I think we’re somewhere between two stools.  For students of economic policy, I feel this is a bit light weight and one dimensional, for those with no economic background, his exultations on fiscal planning in a fiat money system probably won’t mean much at all.

I guess it’s one of those books that you think you should read, but there comes a point where you wonder why you did.

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