I found this a consistently interesting,depressing but ultimately convincing book about how the financial system has become deformed over the last forty years after we abandoned what, effectively, was the final remnant of the gold standard. Although the analysis is based on the US it also applies to the UK which is, if anything , in a worse position.
His final prescriptions are, as I think he would acknowledge,not really feasible in the current political context and, although he doesn't say it,we're probably going to have to go through what may be a "final" collapse before the will can be gained to do something about the issues. Whether we will ever reach that stage remains to be seen.
If you don't understand finance and economics you'll find this book hard going and there is an element of repetition but, at the end of the day it's worth it.
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