New Book By The Mises Institute
See here for details. However, the book appears to be published already in 2009 by McGraw-Hill. The full title is “Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession”. Amazon here.
I have to admit, I have not read the book only reviews and descriptions of the book. However, I have recently come across reports that suggested that in his earlier career Alan Greenspan appeared to be a fierce advocate of free markets etc.
Excerpt From The Blurb
“Drawing upon a vast array of original sources, the author leaves little room for doubt: either the “economic genius of our time” was oblivious to the hazards of his irresponsible policy decisions or he knew full well what he was doing, but chose, as he had throughout his career, to put self-interest above the public good.” (emphasis added)
There is little doubt in my mind that Alan Greenspan’s recklessly low interest policy which lasted for way too long is a major contributor to the Great Recession, the financial crisis of 2008, and the sovereign debt crisis.
His successor, Ben Bernanke, is his foolish and irresponsible apprentice!
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