The Alchemists

The Alchemists

Three Central Bankers and A World on Fire

Book - 2013
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Documents the inside story of the world's most powerful central bankers at a pivotal May 2010 meeting in Basel, Switzerland, to explore the efforts of European Central Bank's Jean-Claude Trichet, the Bank of England's Mervyn King and the Federal Reserve's Ben Bernanke in safeguarding the global economy.
Publisher: New York : The Penguin Press, 2013
Description: xvii, 430 pages : illustrations ; 25 cm
ISBN: 9781594204623
1594204624
Branch Call Number: 332.11 Irw

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beetle101
Oct 11, 2013

An eye-opening book to just how much of our financial well-being is beyond our control. I wish it hadn't been forty years since my last econ class, but the book was still a fascinating chronology of central banking and the guess work involved in trying to fix the economy.

j
johnsankey
Aug 06, 2013

This will be a difficult and unsettling read for most. The staggering influence these mostly secretive unelected people have over our lives shows just how little power our elected representatives actually have. It's uncomfortable to hear the all too well substantiated argument that the best way to run a supposedly free market economy is diametrically opposite to the best way for us to run an individual household or business.

s
StarGladiator
May 28, 2013

Horrible book, and what was Jean-Claude Trichet indicted for some time ago? Ever read Bernanke's highschoolish papers on the supposed underlying factors of the Great Depression? Have any confidence in Mervyn King, because many of us sure don't! Garbage in and garbage out perfectly describes this poop! Reminds one that before going to testify before congress, Bernanke had to be given a tutorial or seminar in credit derivatives as he had no idea what they were about - - and if you don't understand credit derivatives (and by extension, their subcategory of credit default swaps, and securitization and its history - - Great Crash of 1929 and Great Depression) and rehypothecation, and so forth, you don't understand the basics - - which perfectly describes bankster lackey, Bernanke!

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