Describes the workings of the Federal Reserve, providing information on its history and why it was created, its power, and its importance in the world economy.
This book was written by an insider. This is not a bad thing. This book is a great tool to help anyone understand the workings of the Federal Reserve System. Whether or not someone agrees with how the Fed runs itself is a seperate matter from this books intention and who this book was created for. This book does not get into philosophical idealogy of economic systems and it shouldn't. It accurately discusses the tools the Fed uses to help steer the economy in the direction they want it to go. It also explains the layout of the structure of the Fed. This book is good for anyone curious about the structure / tools of the Fed and why it does what it does. The Fed helps run our economy and this book shows how pretty decently. It won't disappoint you, as it is straight-forward and comprehendable. Great for anyone who works in banking / finance / invesments.
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