Item description for Alan Greenspan: The Oracle Behind the Curtain by E. Ray Canterbery...
There is an endless supply of rave reviews for Alan Greenspan and the Fed. This is due to Greenspan's political manipulations, the reluctance of politicians to challenge the Federal Reserve, the press corps' willingness to trade glowing reviews for access, and private economists with ambitions of becoming Fed Governors. With Greenspan's announced retirement, the devastating effects of Fed actions are mounting. Even as institutional reforms are suggested, it is shown how they have been blocked by an ideology favored by financial wealth-holders at the expense of wage labor. This thought-provoking new title, by the highly acclaimed author of Wall Street Capitalism and A Brief History of Economics, provides a much-needed counterbalance to the mythical distortions of Alan Greenspan. Canterbery exposes Greenspan's fundamentalist market ideology as overwhelming rationality in the making of economic policy. He depicts a Fed selfishly guarding its political independence, even as Greenspan has his way in virtually every major economic and social policy affecting the global economy since the Ford Administration. This book reveals the hidden nodes of power that give the Fed vast authority over the global economy. It also explains why it is so important not only to understand those powers, but also to appreciate why they are resistant to moderation.
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Studio: World Scientific Publishing Company
Est. Packaging Dimensions: Length: 1" Width: 6.25" Height: 9.25" Weight: 1.2 lbs.
Release Date Feb 16, 2006
Publisher World Scientific Publishing Company
ISBN 9812566066 ISBN13 9789812566065
Reviews - What do customers think about Alan Greenspan: The Oracle Behind the Curtain?
Same Old Story - "Who's On First?" Feb 25, 2008
I read this book twice to make sure I understood. It is very readable and enjoyable, as much as one can enjoy any of the usual conspiracy theory books which abound, today. At least this is a scholarly conspiracy theory book.
Let's look at the book in a few short sentences, via the Lenses of Political Machinations, Historical Insight and Cynical Squint.
How does our present day political contest appear when translated by this book?
The McCain is his usual cynical self. It's OK to pander to the anti-Castroites and give them a few "Cuba Libre" salutes in Florida -- how else does anyone obtain votes down there? After he is elected, all bets are off, just as in every political race. He has some muddled ideas about how to fix the financial system, but in the end will rely upon another Greenspan.
Hussein Obama is, of course, a liberal and a sycophant of the Marcuse theory of "democracy". In his mind, you sleep with the Devil (and enjoy the Hell out of it) and get what you want.
Now what be happening when Obama be President? Pretty much what happened when political scientists studied the regimes of LBJ, HST, and FDR. A number of studies were made in the late 1990's which attempted to show how much disaster a far-left President could create by his Supreme Court appointments and by his pushing the Congress to do his liberal bidding.
You might be surprised that LBJ came out on top as the most liberal social activist president.
Aha, you say, but what about Carter and his Global yada yada? Nie'chevo, as Lenin would have said -- nada on his yada.
Compare LBJ -- a deep-south mentality pork-barrel politician of the Kingfish genre (Louisiana, not Amos 'n Andy) -- with Carter. LBJ's social activism and program have historically far outweighed anything which Carter attempted. Carter was small peanuts compared to the socialism of LBJ. Long story made short, we wouldn't be in the African-American culture crisis we are in today except for LBJ and "The Great Society".
You will probably not be surprised that FDR came out on top as the most liberal fiscal policy activist president. Long story made short, we wouldn't be in the Social Security mess we are in today except for FDR and his interpretation of Keynes' theories.
President Obama will be Just Another Liberal, who will tinker around with Keynes, tossing out any vestiges of Reagan's Macroeconomics. He will appoint at least two and perhaps as many as four Supreme Court Justices during his eight years. Justices all held up to the Liberal Standards of the Democratic Party 2001, of course.
The coupe d'main will be the Supremo's interpretation of the US Constitution's interpretation by the previous liberal court's interpretation by the previous liberal court's interpretation.
The book is too expensive. I was going to purchase it, but checked it out from the library, instead.