Fed up : an insider's take on why the Federal Reserve is bad for America
(Book)

Book Cover
Average Rating
Published
New York : Portfolio/Penguin, an imprint of Penguin Random House LLC, [2017].
Physical Desc
viii, 326 pages ; 24 cm
Status
Sparks Library - Adult Nonfiction
332.1109 BOOTH 2017
1 available

Description

Loading Description...

Also in this Series

Checking series information...

Copies

LocationCall NumberStatus
Sparks Library - Adult Nonfiction332.1109 BOOTH 2017On Shelf

More Like This

Loading more titles like this title...

More Details

Published
New York : Portfolio/Penguin, an imprint of Penguin Random House LLC, [2017].
Format
Book
Language
English

Notes

Description
"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"--,Provided by publisher.

Reviews from GoodReads

Loading GoodReads Reviews.

Citations

APA Citation, 7th Edition (style guide)

Booth, D. D. (2017). Fed up: an insider's take on why the Federal Reserve is bad for America . Portfolio/Penguin, an imprint of Penguin Random House LLC.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Booth, Danielle DiMartino. 2017. Fed Up: An Insider's Take On Why the Federal Reserve Is Bad for America. Portfolio/Penguin, an imprint of Penguin Random House LLC.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Booth, Danielle DiMartino. Fed Up: An Insider's Take On Why the Federal Reserve Is Bad for America Portfolio/Penguin, an imprint of Penguin Random House LLC, 2017.

MLA Citation, 9th Edition (style guide)

Booth, Danielle DiMartino. Fed Up: An Insider's Take On Why the Federal Reserve Is Bad for America Portfolio/Penguin, an imprint of Penguin Random House LLC, 2017.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

Staff View

Loading Staff View.