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Secrets of the temple : how the Federal Reserve runs the country

by Greider, William.

Format: Print Book 1987
Availability: Available at 3 Libraries 3 of 3 copies

Available (3)
Location Collection Call #
CLP - Main Library Mezzanine - Non-fiction HG2563 .G72 1987
Location  CLP - Main Library
 
Collection  Mezzanine - Non-fiction
 
Call Number  HG2563 .G72 1987
 
 
Monroeville Public Library Non-fiction 332.11 G
Location  Monroeville Public Library
 
Collection  Non-fiction
 
Call Number  332.11 G
 
 
Shaler North Hills Library Non-Fiction 332.1 G
Location  Shaler North Hills Library
 
Collection  Non-Fiction
 
Call Number  332.1 G
 
 

Summary
William Greider's groundbreaking bestseller reveals how the mighty and mysterious Federal Reserve operates--and manipulates and the world's economy.

This ground-breaking best-seller reveals for the first time how the mighty and mysterious Federal Reserve operates--and how it manipulated and transformed both the American economy and the world's during the last eight crucial years. Based on extensive interviews with all the major players, Secrets of the Temple takes us inside the government institution that is in some ways more secretive than the CIA and more powerful than the President or Congress.
Published Reviews
Booklist Review: "Only within the last few years has public awareness focused on the Federal Reserve System, which previously was a source of confu-sion to those trying to understand its arcane financial pronouncements. The much-publicized but very private Paul Volcker, often described as the second most powerful man in America, added to the Fed's mystique. Increased scrutiny has come about with the realization that money supply and interest rates have a direct bearing on the average person's paycheck and grocery bills. William Greider, the journalist who conducted David Stockman's ``tell all'' interview in the Atlantic, here details the inner workings of the Fed, emphasizing the Volcker years. Effectively using illustrative vignettes, Greider demonstrates how changes in economic policy affect home builders, jewelry-store owners, steelworkers, farmers, etc. He further rails against the secrecy surrounding the Fed and its unchecked power, which, he argues, has created a shadow government that runs the U.S. This well-researched study, with its lively style, will certainly provide fuel for the conspiracy theorists but also sheds much-needed light on an often-baffling institution. Bibliography; to be indexed. DAR. 332.1'1 Board of Governors of the Federal Reserve System (U.S.) / Federal Reserve banks / Monetary policy U.S. History 20th century / Banks and banking U.S. History 20th century / Finance U.S. History 20th century [CIP] 87-16712"
From Booklist, Copyright (c) American Library Association. Used with permission.
Publisher's Weekly Review: "In this penetrating study of the Federal Reserve Board in the Reagan era, Rolling Stone writer Greider (The Education of David Stockman) views the ``Fed'' chairman (until recently Paul Volcker) as the ``second most powerful'' officer of government, the high priest of a temple as mysterious as money itself, its processes unknown to the public and yet to be fully understood by any modern president. Controlling the money supply by secretly buying and selling government bonds and thus affecting interest rates, the Fed can manipulate billions in business profits or losses and millions in worker employment and stock, bond or bank account values, the author explains. Greider's conclusions are startling at times. The Fed, he maintains, could have prevented the 1929 crash. He also asserts the ``awkward little secret'' that the federal government deliberately induces recessions, usually to bring down inflation and interest rates. A time-consuming but extremely informative read. (November 30) (c) Copyright PWxyz, LLC. All rights reserved"
(c) Copyright PWxyz, LLC. All rights reserved
Additional Information
Subjects Board of Governors of the Federal Reserve System (U.S.)
Federal Reserve banks.
Monetary policy -- United States -- History -- 20th century.
Banks and banking -- United States -- History -- 20th century.
Finance -- United States -- History -- 20th century.
Publisher New York :Simon and Schuster,1987
Language English
Notes Includes index.
Description 798 pages ; 24 cm
Bibliography Notes Bibliography: pages [733]-766.
ISBN 9780671675561 (pbk.)
0671675567 (pbk.)
067147989X :
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