Dan Yergin Puts the World on his Shoulders
Dan Yergin is doing what he did for the oil topic — heavy lifting on the substance — and taking up the task of sorting out what happened in the Great Depression. His take on Chairman Bernanke, NEC Director Summers, and Chairman of the President’s Council of Economic Advisers Christina Romer here. It’s a rough load but if anyone can lift it, Dan can.
Yergin concisely presents to us how little the powers that be understand.
To talk about the global collapse with little mention of the centrality of loose money by central banks, leading to a globlal credit bubble, is just stupid.
Daniel Yergin should write a financial history of the world. Niall Ferguson did, and the result is awful. Not what I would have expected. If anyone can, Yergin can. And he should also push to have his PBS documentary on Oil, released on DVD.