Montagu Norman, bank of england chief in the 20s and 30s, looking back on his handling of the inflation and the Great Depression by singlemindedly adhering to the gold standard / monetary austerity, which plunged the world further into crisis and chaos. His quixotic reliance on his faulty intuition could (should) be read a cautionary tale for monetary hawks today, who base their policies on models and ideology instead of what is actually happening—out of Liaquat Ahamed’s Lords of Finance.