Have we learned all the lessons of the recent recession, which hit so many countries at different times after the banking crisis began in 2007? And were all the policy reactions to it correct? Even in 2017 it would be a bold man who answered those questions with a confident “yes”. This volume of essays focuses largely on the role of monetary policy. That is hardly surprising since it has been brought together by Tim Congdon, one of the leading monetary economists in the UK. When I was Chancellor, and in 1992 set up a panel of economists to advise me, of course Tim was one of the automatic choices precisely because of his longstanding expertise in monetary economics. The book has many other distinguished contributors and the fact that they do not agree on all points adds to the importance of the collection.

我们是否吸取了最近经济衰退的所有教训？在2007年银行业危机开始后的不同时期，这场危机袭击了这么多国家？所有的政策反应都是正确的吗？即使在2017年，也会有一个大胆的人用自信的“是”回答了这些问题。这本书主要集中在货币政策的作用上。这一点也不奇怪，因为它是由英国领先的货币经济学家之一timcongdon召集起来的。当我还是财政大臣的时候，1992年，他成立了一个由经济学家组成的小组为我提供建议，当然蒂姆是自动选择的人之一，正是因为他在货币经济学方面的长期专业知识。这本书有许多其他杰出的贡献者，事实上，他们并不同意所有的观点，这增加了收藏的重要性。