UID:
almafu_9960054801602883
Umfang:
1 online resource (285 p.)
ISBN:
9780292794672
Inhalt:
The Federal Reserve—the central bank of the United States—is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a courageous exception to this lack of oversight, however: Henry B. Gonzalez (D-TX)—chairman of the U.S. House of Representatives Financial Services (banking) Committee. In Deception and Abuse at the Fed, Robert Auerbach, a former banking committee investigator, recounts major instances of Fed mismanagement and abuse of power that were exposed by Rep. Gonzalez, including: Blocking Congress and the public from holding powerful Fed officials accountable by falsely declaring—for 17 years—it had no transcripts of its meetings; Manipulating the stock and bond markets in 1994 under cover of a preemptive strike against inflation; Allowing
Anmerkung:
Frontmatter --
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Contents --
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Acknowledgments --
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Chapter 1 Hitting a Tank with a Stick --
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Chapter 2 The Burns Fed: Price Controls, Inflation, and the Watergate Cover-up with a Distinguished Professor at the Helm --
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Chapter 3 The Master of Garblements --
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Chapter 4 Spinning Mountains into Molehills --
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Chapter 5 Valuable Secrets and the Return of Greenspan’s “Prophetic Touch” --
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Chapter 6 The Seventeen-Year Lie --
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Chapter 7 Corrupted Airplanes and Computer Mice --
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Chapter 8 Standing in the Door against Civil Rights --
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Chapter 9 When Five Hundred Economists Are Not Enough --
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Chapter 10 The Myth of Political Virginity --
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Chapter 11 Pricking the Stock Market Bubble and Other Greenspan Policies --
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Chapter 12 Bring the Fed into the Democracy --
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Appendix. Excerpts from Waste and Abuse in the Federal Reserve’s Payment System --
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Notes --
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Glossary --
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Bibliography --
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Index
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In English.
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
URL:
https://doi.org/10.7560/717855
URL:
https://www.degruyter.com/isbn/9780292794672
URL:
https://doi.org/10.7560/717855
URL:
https://www.degruyter.com/isbn/9780292794672
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