SKU: 49950591012

Between Debt and the Devil: Money, Credit, and Fixing Global Finance

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Description

Between Debt and the Devil: Money, Credit, and Fixing Global FinanceAdair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit

Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn't happen because banks are too big to fail--our addiction to private debt is to blame.

Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth--but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money--the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money.

Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.



Binding Type: Paperback
Publisher: Princeton University Press
Published: 08/02/2017
ISBN: 9780691175980
Pages: 320
Weight: 0.65lbs
Size: 7.90h x 5.20w x 1.00d
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SKU: 49950591012

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4.4 ★★★★★
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D
David S Ross
Bozeman, US
★★★★★ 3
Small hardcover: get the Kindle version instead
Format: Hardcover
This is a small format hardcover with 6.5 x 8.5 inch pages. As an armchair traveler I was hoping for more illustrations and I also found the small print, generally small photos and illustrations and the small captions on the illustrations quite frustrating. I would actually recommend the Kindle version instead since it is less expensive and allows you to better expand the illustrations to get a much better view. There’s a good description of eight of the more popular Caminos including the best known “French Way” which stretches almost 500 miles from the French border area to Santiago de Compostole in Western Spain. Learning about the history of the pilgrimage routes which stretches back more than 1000 years was interesting and the maps provide a good general sense of the different routes. The day by day accounts tend to be a bit boring without larger illustrations. This is a decent introduction for someone like me who only thought there was a single Camino de Santiago. Still I wish I had the Kindle version instead of the print version in this case.
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Reviewed in the United States on March 6, 2026
P
P. Alley
Boise, US
★★★★★ 4
Great Book for Choosing a Camino de Santiago Route with Distinctive Descriptions and Photos
Format: Hardcover
This DK travel guide is a little unusual in that it does not primarily focus on the things to see, places to eat, and places to stay, although brief suggestions are included. Instead, the book describes eight main routes of the Camino de Santiago in 2-to-3-day sections, plus some alternate routes and extensions, touching on the scenery and the history of the walk. Suggested cafes and albergues (pilgrim hostels) are relegated to small paragraphs that resemble captions. Arguably there are days when there won’t be much to see or do, just long meditative walks between farm fields or vinyards; also, the rigors of the walk may leave pilgrims too tired to explore much. As the guide says, “you’re not a vacationer, you’re a pilgrim.” Of course, there are helpful tips included, particularly in the back of the book where culture, etiquette, transportation, and training are discussed, but also some trail-specific advice throughout. For example, some routes like the Portuguese route allow for returning to the same hotel for several nights by utilizing trains to access different sections of the route. The distinctiveness of the various routes makes this a helpful book if you’re intrigued but not sure which of the routes would be right for you. You'll be left with a little more work to do to find contact information and seasonal operating hours for the listed places. The layout of the book features lots of pictures, as might be expected for a DK travel book, but the pages are not glossy and there are none of the cutaways and drawings which make DK books so recognizable. The book feels more like an engaging textbook than a typical travel guide. It seems to be an intentional decision not to carry paragraphs across pages, which gives the reader the opportunity to look at the pictures and captions before continuing. There are some artistic details like wavy-line swooshes that overlay the photos and unfortunately often make them look as though something is wrong with the print, but otherwise, the writing, design, and layout make the information very accessible.
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on February 17, 2026
S
Siren61
Waukegan, US
★★★★★ 5
Lovely book, tons of information and well organized
Format: Hardcover
This book has a cute retro feel to it, like something from the 70s or 80s that might have been lingering in the school library when I was a kid. Covers a number of different historical routes, broken down by starting point, with different lengths and duration. Each route is broken into managable chunks, with highlights on local foods and culture and sights to see along the way. Good information to help with planning- they do not recommend specific hotels/lodgings (such information could be quickly outdated) but do suggest which towns to stay in and whether or not you need to book there well in advance. They also call out some restaurants by name, well known for local specialties. In all, a very nice resource for anyone planning a pilgrimage and wanting to compare the different routes and learn more about the history.
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Reviewed in the United States on December 12, 2025
S
Verified Purchase
Samantha Borca
Bozeman, US
★★★★★ 5
very informative
Format: Audiobook
so far so good, solid book!
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Reviewed in the United States on April 27, 2026
C
Verified Purchase
CATRINA S
Fort Morgan, US
★★★★★ 5
Perfect size for me
Color: Light Color Series, Style: Waffle Pattern, Color: Light Color Series, Style: Waffle Pattern
Washed the cloths before use with just detergent. Pretty much stayed it shape and fluffy texture. It lathers well with any soap and drys fast. Love the texture size more than the exfoliating size. Texture side is great for sensitive face cleaning. The exfoliating side did soften after repeated use. I feel it is still little to rough for the face, but great for the body. 
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Reviewed in the United States on June 18, 2025

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