http://www.frumforum.com/david-frum-reviews-liaquat-ahameds-lords-of-finance Building a conservatism that can win again Sat, 11 Feb 2012 17:50:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.frumforum.com/david-frum-reviews-liaquat-ahameds-lords-of-finance/comment-page-1#comment-43649 ottovbvs Tue, 23 Jun 2009 10:07:38 +0000 #comment-43649 I often wonder why so few people comment on David's book reviews and what it tells you. I often wonder why so few people comment on David’s book reviews and what it tells you.

]]> http://www.frumforum.com/david-frum-reviews-liaquat-ahameds-lords-of-finance/comment-page-1#comment-46021 ottovbvs Sun, 21 Jun 2009 12:50:42 +0000 #comment-46021 I've just finished reading the book. On a personal note the author is my daughter's former boss and she recommended it to me. It's a delight. Well written by someone who really understands the way in which the financial system works being as he is an active participant. He presents a easily understood picture of the economic world as it existed between 1914 and 1933 but doesn't stint on the detail. His portraits of Schacht, Moreau, Norman and Strong are sympathetic because as he makes plain these weren't stupid or incompetent men even if eccentric by our standards. They were just prisoners of out of date ideas, notably the essential nature of gold as the basis of currency and credit. This as Ahamed, and Keynes at the time, explained is a nonsensical fallacy but it was conventional wisdom then as was a committment to restoring the pre-war economic order for Norman and Moreau. Keynes was right about gold as he was about most things economic which is why the world principally functions according to the precepts of Keynesian economics athough some complain about it. <br> I’ve just finished reading the book. On a personal note the author is my daughter’s former boss and she recommended it to me. It’s a delight. Well written by someone who really understands the way in which the financial system works being as he is an active participant. He presents a easily understood picture of the economic world as it existed between 1914 and 1933 but doesn’t stint on the detail. His portraits of Schacht, Moreau, Norman and Strong are sympathetic because as he makes plain these weren’t stupid or incompetent men even if eccentric by our standards. They were just prisoners of out of date ideas, notably the essential nature of gold as the basis of currency and credit. This as Ahamed, and Keynes at the time, explained is a nonsensical fallacy but it was conventional wisdom then as was a committment to restoring the pre-war economic order for Norman and Moreau. Keynes was right about gold as he was about most things economic which is why the world principally functions according to the precepts of Keynesian economics athough some complain about it.

]]> http://www.frumforum.com/david-frum-reviews-liaquat-ahameds-lords-of-finance/comment-page-1#comment-43671 ChristianMiller Sat, 20 Jun 2009 16:46:28 +0000 #comment-43671 No one cares. No one cares about your opinion Frum. You want only your opinion heard so why bother offering comments. You don't have to have a comment section, you know. No one cares. No one cares about your opinion Frum. You want only your opinion heard so why bother offering comments. You don’t have to have a comment section, you know.

]]>