3 of 3 people found the following review helpful
5.0 out of 5 stars
Complete Clarity on financial history and recent crisis, 4 Mar 2012
Having read a few other books on the recent financial crisis such as The Return of Depression Economics and having seen a few good documentaries such as Inside Job, I can say that Paper Promises is the most clear retelling of what happened in 2008 and the years that followed that I've yet come across. This is because it details in a linear fashion the history of the financial markets that set the context for the current crisis, especially the importance of a gold standard and what happened when it was abandoned, before leading into the events of recent years. Highly recommended for anyone trying to grasp what is going on in the global economy and the challenges we are facing.