Montagu Norman, Benjamin Strong and the run-up to the Great Depression

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There are actually two other key central bankers, Hjalmar Schacht of Germany and Émile Moreau of France, in Liaquat Ahamed’s new book about the causes of the Great Depression, Lords of Finance: The Bankers Who Broke the World—but I felt the title for this post was getting a little long. I talked to Ahamed a few days ago about that motley monetary crew of the 1910s and 20s—an eccentric, an invalid, an opportunist and a xenophobic civil servant—and what lessons we did (or didn’t) learn from the suddenly resonant era. You can read the exchange on Time.com by clicking here.

Barbara!