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Part-biography, part-political thriller, The Unaccountability Machine is a rousing exposé of how management failures lead …

During the 2000s, for example, the world's central banks thought everything was fine — they made up nicknames for the period of stability that lasted from the late 1980s to the collapse of Lehman Brothers. Alan Greenspan of the US Federal Reserve called it a 'Goldilocks Economy' — not too hot, not too cold. Mervyn King of the Bank of England called them the 'NICE times', an age of non-inflationary continuous expansion. Probably the most commonly used name was the 'Great Moderation'. All the while, a huge debt bubble was building up, with house prices spiralling out of control.

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