Tuesday, July 17, 2018

Fed Up: An Insider's Take Why The Federal Reserve is Bad for America By: Danielle DiMartino Booth

This is a book about what transpired on the way to the 2008 "Great Recession" by the "Federal" "Reserve".  Of course, anyone knows that they are NOT "Federal" and there are no "Reserves".  Booth is a former Fed employee that blows the lid off of the cabal of the "fed".  She exposes the players of the Fed as a bunch of Phd's that believe that they are smarter than anyone else.  Mostly have no real world experience in anything but academia and Keynesian Economics; yet here we are in the situation we are in today.  Booth, not a PhD herself, made it abundantly clear how the inter-sanctum of PhDs were wrong every step of the way.  I am not saying that PhDs are NOT smart, but what I am saying is that Booth exposes them in this case as blind to what is really going on.

Fed Chair after Fed Chair, PhD after PhD were wrong and were at worst responsible, at best complicit  in the 2008 recession but certainly the housing bubble.  It was an interesting perspective on the Fed. If you are interested in money, economics and politics,  then this book is definitely for you.

Hardcover: 336 pages
Publisher: Portfolio (February 14, 2017)
Language: English
ISBN-10: 0735211655
ISBN-13: 978-0735211650
Product Dimensions: 6.3 x 1.3 x 9.3 inches

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