'What they do with your money' – could do better

A recent book about financial systems and reforms reveals a worryingly academic approach

open-book-web
Nothing new: we genuinely need a work that analyses the ‘real economy' reliance on financial markets

Hands up who thinks the price of EUR/CHF over time should follow a normal distribution – nice and well behaved? No, I thought not. Yet three well-connected, self-styled ‘insiders' have published a manifesto for the reformation of the financial system, which bizarrely implies you do. Moral: if you work in financial markets, prepare to be patronised. All the same, you should read What they do with your money, by Stephen Davis, Jon Lukomnik and David Pitt-Watson, published by Yale University Press

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