In Fed We Trust – Ben Bernanke’s War on the Great Panic – How The Federal Reserve Became The Fourth Branch of Government
Spectacular! PERIOD!
Perhaps the best non-fiction financial thriller for 2009 from the mind of David Wessel, the Economics Editor of the Wall Street Journal. The essence of the book is captured in the following quote from Federal Reserve Chairman Ben Bernanke:
“The only case for an independent central bank in a democracy is that it can take a longer view and do what is in the interest of the people in ways that elected politicians cannot.” P. 271
Bernanke, Paulson, Geithner and Summers – Where did these guys come from? How do they think? How do/did (Paulson) they work with one another when faced with the most unimaginable economic crisis since the Great Depression? It’s all here.
Why? Why did the U.S. and the global economy fall into this crater. Why? Why has the Federal Reserve, The U.S. Treasury and the White House Economic Advisory team implemented the measures they have – thus far?
The manner in which this work evolves makes is a contribution that can be devoured by a broad audience. It is absolutely essential reading for U.S. citizens who yearn for a vastly more informed perspective on the questions posed above.
Spectacular! PERIOD!
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