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Bubble Man: Alan Greenspan and the Missing 7 Trillion Dollars
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The destructive legacy of the most powerful man in the world: Alan Greenspan, chairman of the Federal Reserve.
In this eye-opening account, Peter Hartcher reexamines the achievements of Alan Greenspan, the man who presided over the 1990s stock-market bubbleperhaps the biggest speculative frenzy in historyand walked away when it came crashing down, with his reputation ...more
In this eye-opening account, Peter Hartcher reexamines the achievements of Alan Greenspan, the man who presided over the 1990s stock-market bubbleperhaps the biggest speculative frenzy in historyand walked away when it came crashing down, with his reputation ...more
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This book was published in 2006. The author talks mostly of the dot.com bubble at the turn of this past century. However the author talks about coming out of the dot.com bubble by inflating another one-the housing bubble. He was correct as we know just after this book was published the housing bubble burst.
Everybody was going on and on about how brilliant the man was, how he was Mr. BIG! He can do no wrong! I recall The Nation wrote an article about how his approach to the market is going to fail the working class in the next decade. Of course no one wanted to believe the market could fail. All that deregulation was supposed to save us, right?
Hartcher does not put all the blame for the problems of the market on Greenspan's shoulders. He simply points out what should be obvious. If a casual comment ...more
Hartcher does not put all the blame for the problems of the market on Greenspan's shoulders. He simply points out what should be obvious. If a casual comment ...more
Very interesting book. It is good to have an author that is not from the US talk about the US Fed bank. It is very interesting how he talks about Greenspan and the start of the bubble that popped in 2000. He brings up signs of another bubble that was starting when the book was written 2006. Had this book been written later I am sure he would have talked more about the crisis that the world has now entered. It really gives some insight into what is happening and how the Fed can help minimize the
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This is a great book in very common language that explains the economy and the role of the Fed Reserve, in general and Alan Greenspan in particular. It specifically explains the dotcom bubble that led to the housing bubble. I intended to read this last year, but didn't get to it. Honestly, I expected it to be very dry and technical, so I wasn't looking forward to reading it, but I'm really glad I did because I enjoyed it and learned much from it. I only wish Hartcher would write a sequel
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Bubble Man by Peter Hartcher is a great book if a person wants to understand the driving forces of our current recession. It is eye opening to see that Alan Greenspan's monetary policy was mostly aimed at pleasing the political powers in charge of Congress and the White House. The writing style may be dry but the message of fiscal responsibility is timely.
Interesting read in the midst of the financial crisis.
THE SACRIFICE OF POOR SOULS FOR OIL POLICIES.
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