No Way to Run an Economy

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Graham Turner critiques the slow and inadequate responses to the financial crisis, emphasizing that timely and radical measures like quantitative easing were necessary but not implemented effectively. He analyzes policy errors, including the flawed market-led approach of the Obama administration and central banks' misfocus on inflation. Turner warns of impending political instability in post-Soviet states due to economic collapse and argues that understanding past mistakes is crucial to avoiding a depression worse than that of the 1930s.