A vital, tour-de-force account of where we find ourselves at the present stage, along with plenty of background history and previous developments in the field. Not to be missed. A cutting edge voice with authority on what looks to be one of the major issues of our time.
A quote, from page 176:
"...It is quite the high-wire act, amazing to behold. The Treasury and Fed resemble two drunks leaning on each other so neither one falls down. ...The Fed looks more like a poorly run hedge fund than a central bank."