In "The Credit Crunch," Graham Turner predicted that banks would be nationalised
and interest rates would be reduced too slowly to halt the crisis. His
predictions were correct. His new book, "No Way to Run an Economy," is the
essential guide to the turbulent times ahead. Turner recommended radical
measures, such as quantitative easing, in early 2008 but argues that action has
been taken too late and been too timid to make a real difference. He dissects
the policy mistakes of the last 12 months including Obama's doomed market-led
response to the crisis and the obsession of central banks with the red herring
of inflation. Turner also