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Showing 1-5 of 5 reviews(Verified Purchases). See all 12 reviews
on December 21, 2001
This book will be enjoyed by those who want to see the Fed as a very human institution with its own quirks and foibles. It helps to add a dimension of knowledge about the Fed that is hard to get anywhere else.
If you are a hard core economist with strong political views or an ardent fan of Friedman or Greenspan you won't like it. It shows the human side of many of the major figures.
I thought it was well done and enjoyed it immensely. I have read most of the major books on the Fed and read their open market operations briefs every day, and spend a lot of time on the various Fed websites.
This book is generally sound, and although there are those who would tend to dismiss Mayer, as he is not an economic scholar, the great strength of this book is that Mayer realizes that the Fed is not a university seeking truth. It is a political and financial institution not above the day to day fray, with its own sort of organizational politics.
I have also read most of the major books about Greenspan, and this one adds a dimension to his persona that connected the dots for me.
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on August 16, 2001
If you are an investor and you need to know how the Fed influences the stock market among others...
If you bought and read "Secrets of the Temple" by William Greider and maybe "Leadership at the Fed" by Donald Kettl...
If you understood them and knew who the named people were...
Then you should buy this book too.
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on July 24, 2001
This book contains a lot of excellent information about the development of the Federal Reserve System with many incidents that I had never heard of. However, the writing style is poor since the book is FILLED with cliches. Also the material is not well-organized with a lot of jumping from incident to incident. Lots of fascinating inside stories, but disappointing overall.
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on February 21, 2015
ok
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on August 7, 2001
I think this author needs to be taken off your list. Is there anyway I can return this book? This author is a talker, not a writer.
0Comment| 7 people found this helpful. Was this review helpful to you?YesNoReport abuse