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Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession Hardcover – November 12, 2009
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Sheehan makes the case using several examples throughout Greenspan's career that the Fed Chairman couldn't have bungled it up any more than he did during his tenure. He weaves a story that can be hard to follow for the lay reader not versed in economic jargon which limits the book's impact when trying to assess and follow Sheehan's arguments. Being a book on economic policy and the Fed it's expected to touch on aspects of this but a lot of the storyline hinges on the reader understanding economic parlance and shuffling between dates of a specific timeline that make it hard to keep track of it all. This lack of understanding can limit the reader in grasping the full argument of the book having to instead come away only with broad estimations of Greenspan's negative performance.
The facts Sheehan presents concerning Greenspan's performance amount to the same standard economic argument against central banking and the Fed that has been put forth many times over. Economic explanations against government intervention abound. But why aren't people convinced, why isn't there an overwhelming popular sentiment to get rid of the Fed and establish a real system of laissez-faire? Because people aren't moved primarily by economics but by morality. Enter Ayn Rand and the real flaw of Sheehan's argument.Read more ›
Most Recent Customer Reviews
Srong case of finger pointing towards the former fed chair.Published 21 months ago by Full Time Investor
Outstanding book detailing the intellectual and moral bankruptcy of Greenspan's regime.
The potentially unrecoverable damage done to the American financial system over... Read more
The author's writing style is erratic. He writes about one thing and then follows a sentence with an (seemingly) abrupt change of concept, almost a non-sequitur. Read morePublished on September 29, 2011 by H. Campbell
Coincidentally with "Panderer to Power", people must read Griffin's "The Creature From Jekyll Island" to understand the Fed and the men who've been and will be selected to chair... Read morePublished on July 16, 2011 by Ben Franklin Republicn
I enjoyed this book and found the info timely and damning against the man annoited as King when all along his understanding was pitiful, it would seem almost to be done on purpose... Read morePublished on February 28, 2011 by L. oliver
For roughly 30 years, official Washington and the business press lauded Alan Greenspan as a supposedly infallible central banker. Read morePublished on August 22, 2010 by Stephen B. Selbst
Mr. Sheehan does a superb job of demythologizing the Mr. Greenspan that politicians and the media fed us for so many years. Read morePublished on April 30, 2010 by William D. Brown
Originally published at the LibertarianChristians Blog:
For the bulk of my life so far, I have lived in the age of Alan Greenspan, the chairman of the Federal Reserve... Read more
It is a timely written horror story that you won't be able to put down if you are into money. A loud wakeup call to the citizens as the USA has been descending on a path of... Read morePublished on December 27, 2009 by Indrajith A. Weeraratne