Hall of Mirrors: The Great Depression, the Great Recession, and the Uses—and Misuses—of History

Barry Eichengreen provides an original look at the financial crisis and its origins, with desperately needed lessons about moving more quickly during such traumatic moments. Stimulus, coordinated monetary policy and banking regulation, as needed in 2009 as they were in 1929, and yet unappreciated to the degree they ultimately were needed. Beyond finance, Hall of Mirrors presents a cogent case for multilateralism, as it takes us into the corridors of power on both sides of the Atlantic to examine how the two greatest financial crises of the past century were shaped and in many ways mismanaged. Anyone worried about the next financial crisis needs to read this first.