While it is too far ahead to be published on the website there is a lengthy Q&A on the website here, and below I've embedded a video from CNBC this afternoon. As I've long decried the combination of central banks fixing every problem with a flood of easy money and incredibly broken incentive systems herks and jerks the global economy from bubble to bust, in increasingly fast time frames.
For the March issue of Vanity Fair, Michael Lewis traveled to Ireland for the third leg of his Euro DisasterLand adventure (preceded by Greece and Iceland). In Iceland, Lewis found that the country was brought down by Icelandic Alpha males who wanted to be investment bankers; in Greece, he found that the country was brought down by spectacularly generous social services coupled with rampant tax evasion; in Ireland, Lewis finds a housing bubble the likes of which even we Americans struggle to fathom. “In an era when capitalists went out of their way to destroy capitalism,” he writes, “the Irish bankers set some kind of record for destruction.”
Amazingly, finance minister Brian Lenihan convinced the Irish government to nationalize the private debts of not one but three of Ireland’s biggest banks. And the ruling political party, Fianna Fail, has been allowed to stay in power just long enough to firmly set the hook in every Irishman’s mouth—having recently accepted a bailout worth 85 billion euros from the E.U. and I.M.F.
Lewis spoke with VF Daily about being accosted by Ireland’s reigning bare-knuckle boxing champion, why Greek people don’t care about what he has to say, and why Irish people do.
6 minute video - email readers will need to come to site to view
[Jun 1, 2010: NYT - Michael Lewis Op-Ed on America's Financial Reform, plus Audio Interview]
[Mar 15, 2010: [Video] 60 Minutes- Michael Lewis, Inside the Collapse]
[Jun 14, 2009: Fareed Zakaria with Michael Lewis]
[Jan 5, 2009: New York Times Opinion Piece by Lewis and Einhorn]