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The Resource Fed up : an insider's take on why the Federal Reserve is bad for America, Danielle DiMartino Booth

Fed up : an insider's take on why the Federal Reserve is bad for America, Danielle DiMartino Booth

Creator
Author
Summary
An insider's unflinching expose of the toxic culture within the Federal Reserve. In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors. To her dismay, the culture at the Fed--and its leadership--were not just ignorant of the brewing financial crisis, but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis--and how nobody within the Fed seems to have learned or changed from the experience. Today, the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse. This book is Booth's clarion call for a change in the way America's most powerful financial institution is run--before it's too late
Language
eng
Work
Publication
Extent
viii, 326 pages
Contents
  • "Groupstink"
  • Who would buy that crap?
  • Saint Greenspan
  • Inside the black box
  • The first tremors
  • Front-running the Fed
  • The maverick
  • The inner sanctum
  • "Luddite!"
  • Helpless
  • Slapped in the face by the Invisible Hand
  • Heads must roll
  • Breaking the buck
  • Breaching the zero bound
  • The walking dead
  • Dr. Ben pulls a bait and switch
  • A turning point
  • Insider trading?
  • Spinning Fedwire
  • The taper tantrum
  • The new sheriff in town
  • Culture shock
Isbn
9780735211650
Instance
Label
Fed up : an insider's take on why the Federal Reserve is bad for America
Title
Fed up
Title remainder
an insider's take on why the Federal Reserve is bad for America
Statement of responsibility
Danielle DiMartino Booth
Creator
Author
Subject
Language
eng
Summary
An insider's unflinching expose of the toxic culture within the Federal Reserve. In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors. To her dismay, the culture at the Fed--and its leadership--were not just ignorant of the brewing financial crisis, but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis--and how nobody within the Fed seems to have learned or changed from the experience. Today, the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy towards yet another collapse. This book is Booth's clarion call for a change in the way America's most powerful financial institution is run--before it's too late
Cataloging source
DLC
http://library.link/vocab/creatorName
Booth, Danielle DiMartino
Dewey number
332.1/10973
Index
index present
LC call number
HG2563
LC item number
.B586 2017
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Board of Governors of the Federal Reserve System (U.S.)
  • Federal Reserve banks
  • Banks and banking
  • Monetary policy
Label
Fed up : an insider's take on why the Federal Reserve is bad for America, Danielle DiMartino Booth
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 271-317) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
"Groupstink" -- Who would buy that crap? -- Saint Greenspan -- Inside the black box -- The first tremors -- Front-running the Fed -- The maverick -- The inner sanctum -- "Luddite!" -- Helpless -- Slapped in the face by the Invisible Hand -- Heads must roll -- Breaking the buck -- Breaching the zero bound -- The walking dead -- Dr. Ben pulls a bait and switch -- A turning point -- Insider trading? -- Spinning Fedwire -- The taper tantrum -- The new sheriff in town -- Culture shock
Dimensions
24 cm
Extent
viii, 326 pages
Isbn
9780735211650
Lccn
2016050188
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • ocn968151446
  • (OCoLC)968151446
Label
Fed up : an insider's take on why the Federal Reserve is bad for America, Danielle DiMartino Booth
Publication
Bibliography note
Includes bibliographical references (pages 271-317) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
"Groupstink" -- Who would buy that crap? -- Saint Greenspan -- Inside the black box -- The first tremors -- Front-running the Fed -- The maverick -- The inner sanctum -- "Luddite!" -- Helpless -- Slapped in the face by the Invisible Hand -- Heads must roll -- Breaking the buck -- Breaching the zero bound -- The walking dead -- Dr. Ben pulls a bait and switch -- A turning point -- Insider trading? -- Spinning Fedwire -- The taper tantrum -- The new sheriff in town -- Culture shock
Dimensions
24 cm
Extent
viii, 326 pages
Isbn
9780735211650
Lccn
2016050188
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • ocn968151446
  • (OCoLC)968151446

Subject

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    • Vancouver Public Library, Central Library (Open with Limited Services - Children’s Library, Level 2 and Level 3)Borrow it
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      49.219031 -123.041172

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