Book Review: The Money Mentor by Tad Crawford

Book Review: The Money Mentor by Tad Crawford

By The Banker | Book Reviews, Personal Finance

I expected to hate The Money Mentor: A Tale of Financial Freedom by Tad Crawford.  Crawford wrote this modern-day fable aimed most at people who struggle with high-interest debt.  The Money Mentor is a modern-day version of George Clason’s The Richest Man in Babylon. We meet the narrator/protagonist Iris, a 20-something wannabe dancer in the [&hellip

Missing the point, over at the NYTimes

Missing the point, over at the NYTimes

By The Banker | Blog Posts, Inequality

James Stewart writes an interesting piece this morning on a 55 year old NYC attorney who recently declared bankruptcy, after earning in the $375-500K range for the past 20 years for a series of high-powered New York law firms. Stewart’s analysis is that: 1. Being a non-equity partner attorney is tough these days, and 2. [&hellip

Book Review: I.O.U. by John Lanchester

Book Review: I.O.U. by John Lanchester

By The Banker | Book Reviews, Wall Street

In reading and reviewing John Lanchester’s I.O.U. – Why Everyone Owes Everyone and No One Can Pay I continue my quest for the best contemporary histories of the 2008 Crisis. One reason to study and understand a crisis like 2008 is to avoid repeating it.  George Santayana’s pithy justification for historical review – “those who [&hellip

Reinhart Rogoff and Political Tribalism

Reinhart Rogoff and Political Tribalism

By The Banker | Blog Posts

I wrote a few days back about how Reinhart and Rogoff’s serious, academic, review of past and prospective debt restructurings seemed to provide policy support for financial repression – such as capital controls, fixed currency regimes, highly regulated banks, and hidden taxes on savings through forced public pension investments. This post highlights one of my [&hellip

Financial Repression = Less Crises

Financial Repression = Less Crises

By The Banker | Blog Posts

Please see earlier post on the Reinhart Rogoff IMF paper I wrote a few days back about how a serious, academic, review of past and prospective debt restructurings can be on the one hand useful, on the other hand not particularly predictive of market conditions, and on the third hand (I have three hands!?!) easily [&hellip