An edition of Fed up (2017)

Fed up

an insider's take on why the Federal Reserve is bad for America

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Fed up
Danielle DiMartino Booth
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Last edited by ImportBot
August 5, 2020 | History
An edition of Fed up (2017)

Fed up

an insider's take on why the Federal Reserve is bad for America

  • 0 Ratings
  • 3 Want to read
  • 0 Currently reading
  • 0 Have read

"An insider's unflinching expose of the toxic culture within the Federal Reserve. In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors. To her dismay, the culture at the Fed--and its leadership--were not just ignorant of the brewing financial crisis, but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis--and how nobody within the Fed seems to have learned or changed from the experience. Today, the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse. This book is Booth's clarion call for a change in the way America's most powerful financial institution is run--before it's too late"--

Publish Date
Language
English
Pages
326

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Cover of: Fed up

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Book Details


Table of Contents

"Groupstink"
Who would buy that crap?
Saint Greenspan
Inside the black box
The first tremors
Front-running the Fed
The maverick
The inner sanctum
"Luddite!"
Helpless
Slapped in the face by the Invisible Hand
Heads must roll
Breaking the buck
Breaching the zero bound
The walking dead
Dr. Ben pulls a bait and switch
A turning point
Insider trading?
Spinning Fedwire
The taper tantrum
The new sheriff in town
Culture shock.

Edition Notes

Includes bibliographical references (pages 271-317) and index.

Classifications

Dewey Decimal Class
332.1/10973
Library of Congress
HG2563 .B586 2017, HG2563.B586 2017

The Physical Object

Pagination
viii, 326 pages
Number of pages
326

ID Numbers

Open Library
OL27232371M
ISBN 10
0735211655
ISBN 13
9780735211650
LCCN
2016050188
OCLC/WorldCat
968151446
Amazon ID (ASIN)
B01IOHQ9H8

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August 5, 2020 Edited by ImportBot import existing book
July 19, 2019 Created by MARC Bot import new book