In 2022 Max wrote a monograph with British member of Parliament Steve Baker on the bubble caused by zero percent interest rates. In fact the bubble has been growing for an entire generation now, with each recession being responded to with lower and lower interest rates, causing larger and larger debt bubbles. At the time of writing, Steve Baker MP was the longest-serving member of Parliament on the Treasury Select Committee, responsible for questioning the governor of the Bank of England and other people in the British financial establishment. Hardback copies of the monograph are being given to policy-makers to explain the Austrian School theory of the business cycle and how this relates to our current predicament. The graphic designers did a wonderful job with the hardback.

We aim for this to be the definitive paper on the bubble caused by reckless monetary policy. It also brings in our experiences from the worlds of politics, central banks and global institutions like the IMF.

You can download the monograph from Steve’s website here: https://www.stevebaker.info/2022/07/are-we-in-the-largest-bubble-in-history-an-austrian-school-analysis-by-steve-baker-mp-max-rangeley/

“This important book provides strong insights into how the global monetary system has gone wrong and how the world must return to the foundations of economic prosperity: sound monetary policy. It is essential reading for all who want to have a better understanding of why economies across the developed world – led by so many intelligent people – currently face so many problems.”