A01=Leonard J. Santow
Author_Leonard J. Santow
Business: Finance
Category=KJ
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Investments and Banking
Product details
- ISBN 9780313360336
- Weight: 709g
- Dimensions: 156 x 235mm
- Publication Date: 30 Nov 2008
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
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A crowd gathers. People crane their necks. Cameras flash. The limo door opens. Who is it—Mick Jagger? Oprah? Tiger Woods? No. It's Alan Greenspan—and the crowd still goes wild. Many felt Greenspan walked on water during his lengthy term as Chairman of the Federal Reserve System. But was he a genius or, as Tolstoy might portray him, simply someone who could manifest confidence while attempting to captain an uncontrollable ship? In this book, economist Leonard Santow casts a steely eye on the Fed and its five most recent chairmen—Arthur Burns, G. William Miller, Paul Volcker, Alan Greenspan, and Ben Bernanke. Along the way, readers learn what function the Fed performs and why, how monetary policy differs from fiscal policy, which levers the Fed uses to change the money supply and control inflation, and more. This is one of the few books to explain the inner workings of the Fed and its Open Market Operations in layman's terms, while evaluating its most recent chiefs in their efforts to keep inflation at bay and the economy humming. Written in an easy and accessible style, the book also contains insights on the subprime mess and the securities that helped bring down the real estate house of cards, and it offers prescriptions for smoothing the choppy economic seas going forward.
Leonard J. Santow is managing director of Griggs & Santow Inc., an economic and financial consulting firm in New York City. His clients include government agencies, central banks, investment and commercial banks, corporations, pension funds, insurance companies, government securities dealers, and money managers. He is the author of The Budget Deficit: The Causes, the Costs, and the Outlook, Helping the Fed Work Smarter, and coauthor of Social Security and the Middle-Class Squeeze (Praeger, 2005). Santow holds a PhD in economics from the University of Illinois.
