Boomerang
by Michael Lewis
Travels in the new third world after 2008: Iceland's fishermen-turned-bankers, Greece's monks, Ireland's developers, Germany's rules, California's cities. Each nation's response to cheap credit reveals its character. Funny and unfair in places.
Read it if…
you want to understand national financial character through stories.
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Skip it if…
you dislike national stereotyping; there is plenty.
Try instead: Learn to Earn →
Three things you will actually use
- Cheap money reveals what people wanted all along.
- Culture determines the kind of crash.
- Debt is a character test.
Do this first
Read the Iceland chapter.
Our verdict
What cheap credit revealed.
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