This ground-breaking bestseller reveals for the first time how the mighty and mysterious Federal Reserve actually operates--and how it manipulated and transformed both America's economy and the world's during eight crucial years.This ground-breaking bestseller reveals for the first time how the mighty and mysterious Federal Reserve actually operates--and how it manipulated and transformed both America's economy and the world's during eight crucial years.Read Less
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This book is nothing more that public re;ations for the FED. It does not touch on how it caused the great depression or all the major crashes that it is supposed to prevent. Also, It does not talk about the present but the 70's and 80's. I put it into my circular file, my trash can.
Jan 24, 2008
Excellent book.....Tells how the Federal reserve really is.......and that is really scary......I am glad that this book was written.
Publishers Weekly, 1987-10-30 In this penetrating study of the Federal Reserve Board in the Reagan era, Rolling Stone writer Greider (The Education of David Stockman) views the ``Fed'' chairman (until recently Paul Volcker) as the ``second most powerful'' officer of government, the high priest of a temple as mysterious as money itself, its processes unknown to the public and yet to be fully understood by any modern president. Controlling the money supply by secretly buying and selling government bonds and thus affecting interest rates, the Fed can manipulate billions in business profits or losses and millions in worker employment and stock, bond or bank account values, the author explains. Greider's conclusions are startling at times. The Fed, he maintains, could have prevented the 1929 crash. He also asserts the ``awkward little secret'' that the federal government deliberately induces recessions, usually to bring down inflation and interest rates. A time-consuming but extremely informative read. (November 30) (c) Copyright PWxyz, LLC. All rights reserved
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