Book Review: The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse by Mohamed A. El-Arian
In The Only Game in Town Dr. El-Arian writes a prescient and provocative book that takes a long hard look at modern central banking and the global economy in an effort to describe where the world can go from where it is right now. The book itself is divided into six topical parts with 35 chapters. There are 264 pages of text with notes and an index. The central premise of the book is that since the outbreak of the Great recession in 2008 the only economic institutions that have acted responsibly in response to the crash have been the Central Banks and that have been forced to step into … More after the Jump…