Top positive review
3 people found this helpful
Should be required reading for every congressman.
on May 20, 2014
Of the things you will understand after reading this (long) book, one is: how the President is rarely much of a contributing factor when it comes to interest rates, amount of money in circulation, or inflation/deflation moves. Jimmy Carter is most well known for the high interest rates and the results of this - during his administration, when, on closer examination, the poor guy was unable to influence the Fed - who is, has been, and will be, in actual charge of our economy: The cost of money and the flow of money dictate everything!. PS: You may want to read some of the books written on Greenspan, to further appreciate this.