1.

Record Nr.

UNINA9910784045503321

Autore

Canterbery E. Ray

Titolo

Alan Greenspan [[electronic resource] ] : the oracle behind the curtain / / by E. Ray Canterbery

Pubbl/distr/stampa

New Jersey, : World Scientific, 2006

ISBN

981-256-760-7

Descrizione fisica

1 online resource (208 p.)

Disciplina

332.1/1092

B

Soggetti

Government economists - United States

Monetary policy - United States

United States Economic policy 1981-1993

United States Economic policy 1993-2001

United States Economic policy 2001-2009

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. 168-180) and index.

Nota di contenuto

CONTENTS; A PERSONAL NOTE; ONWARD; 1 GREENSPAN AND THE MYTH OF HIS PURITY; 2 ADAM SMITH, FREE MARKETS AND THE GREENSPAN STANDARD; 3 WHEN MARKETS HAVE FAILED, GREENSPAN HAS BEEN ON THE SCENE; 4 THE INDEPENDENCE OF ALAN GREENSPAN AND THE FEDERAL RESERVE SYSTEM; 5 FEDSPEAK AND THE INNOCENT HYPOCRISY OF INDEPENDENCE; 6 WHITE HOUSE DEPENDENCE AND THE HYPOCRISY OF PERSONAL INTERFERENCE; 7 GREENSPANMAIL REDEFINES THE NEW DEMOCRATS; 8 FED AND WHITE HOUSE DEPENDENCE ON WALL STREET INVESTMENT BANKERS; 9 THE FABLE OF THE GOLDILOCKS ECONOMY; 10 THE WOLF AT THE DOOR OF ORDINARY WORKERS

11 GLOBAL MARKET FAILURES12 THE COLLAPSE OF THE GREAT AMERICAN STOCK MARKET BUBBLE; 13 DERIVATIVES: THROWING IN THE CHIPS; 14 FED DEPENDENCE ON HEDGE FUNDS?; 15 GREENSPAN TAKES US FROM GOLDILOCKS TO THE SOFT PATCH AND BACK AGAIN; 16 THE HOUSING BUBBLE CONUMDRUM; 17 SOCIAL SECURITY: ON THE CUTTING EDGE OF FEDERAL BUDGET DEFICITS; 18 GETTING PERSONAL WITH SAVINGS, AT HOME AND ABROAD; 19 KING ALAN II; 20 PROSPECTS FOR REFORM; NOTES; INDEX



Sommario/riassunto

There is an endless supply of rave reviews for Alan Greenspan and the Fed. This is due to Greenspan's political manipulations, the reluctance of politicians to challenge the Federal Reserve, the press corps' willingness to trade glowing reviews for access, and private economists with ambitions of becoming Fed Governors. With Greenspan's announced retirement, the devastating effects of Fed actions are mounting. Even as institutional reforms are suggested, it is shown how they have been blocked by an ideology favored by financial wealth-holders at the expense of wage labor.This thought-p