In “Twilight of the Money Gods,” John Rapley argues just that—and is fairly convincingby Avinash D Persaud / December 20, 2017 / Leave a comment
Twilight of the Money Gods: Economics as a Religion and How it all Went Wrong by John Rapley, (Simon & Schuster)
How old were you when your parents first told you that money doesn’t grow on trees?
Before 2008, if you asked a congregation of economists why we couldn’t simply print money to pay for what we need, they would first scoff. Then if you persisted they would invoke Germany’s inter-war hyper-inflation as proof of the doctrine that this leads to higher prices and so there is no magic money tree.