Books by Perry Mehrling

Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System is a definitive biography, and also a good look at the “rooted in academia but mostly in the policy world” branch of macro and finance that was so prominent in the postwar era.

The subtitle is How the Fed Became the Dealer of Last Resort (home page here ) and the author is Perry Mehrling.  The entire book is good but the paydirt comes in the last two chapters, where we are treated to a persuasive and original account of what the crash- and post-crash Fed is all about.