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Do They Walk on Water?: Federal Reserve Chairmen and the Fed

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Economics in general, and the role of the Federal Reserve, has never been so focused upon by the general public as it is in today's deepening economic crisis. That's why "Do They Walk On Water: Federal Reserve Chairmen and the Fed" by Leonard J. Santow (Managing Director of Griggs & Santow Inc. and economic and financial consulting firm in New York City) couldn't be a more timely addition to personal, professional, community, and academic library Economic Studies reference collections and supplemental reading lists. "Do They Walk On Water" presents the Feds' five most recent chairmen beginning with Arthur Burns and G. William Miller, then continuing on with Paul Volcker, Alan Greenspan, and the current chairman, Ben Bernanke. This is a compellingly appropriate read in that the incoming Obama administration has Paul Volcker as one of its principle economic advisors. "Do They Walk On Water" is an analytical and instructional introduction that also provides thoughtful and thought-provoking information on the functions of the Fed, the important differences between monetary policy and fiscal policy, and how the Fed is able to alter the money supply, control inflation, and be utilized as a creative tool in sustaining national prosperity and foster economic opportunity. Also available in an eBook format, "Do They Walk On Water" can be wholeheartedly recommended for both students of economics as well as the non-specialist general reader with an interest in how the Fed has and can continue to affect our national economic recovery.