You could call Roger Bootle a self-hating economist. In this trenchant study, he takes ruthless aim at fellow economists and financial professionals for allowing the financial markets to run amok. Despite his status as a City of London insider, Bootle mauls bankers for collecting overly rich paychecks and bashes investment advisers for their general cluelessness. While Bootle isn’t the only observer to arrive at the conclusion that the markets are broken and that free-market ideology is wrong, his sophisticated understanding of finance makes his arguments especially astute. getAbstract recommends this intriguing book to investors and policy makers seeking a thoughtful prescription for Wall Street and the City.
In this summary, you will learn
- How the financial markets failed
- Why deflation is a greater threat than inflation
- How to get rich slowly and
- How to reform the markets.
About the Author
Roger Bootle is one of the City of London’s top economists. His other books include The Death of Inflation and Money for Nothing.