Alan Greenspan

“Exceptional . . . Deeply researched and elegantly written . . . As a description of the politics and pressures under which modern independent central banking has to operate, the book is incomparable.” —Financial Times

Alan Greenspan’s 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nation’s history. It’s now clear that his policies contributed greatly to the transformation of Wall Street from an engine that financed American business to a business-destroying machine—and that Greenspan abetted the hollowing out of the U.S. economy by giving Wall Street and Washington everything they could possibly want.

Alan Greenspan’s 18-year stint as head of the Federal Reserve Bank witnessed some of the most massive upward redistributions of wealth in our nation’s history. It’s now clear that his policies contributed greatly to the transformation of Wall Street from an engine that financed American business to a business-destroying machine—and that Greenspan abetted the hollowing out of the U.S. economy by giving Wall Street and Washington everything they could possibly want.