Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy
BY RAVI BATRA
Palgrave Macmillan | ISBN: 1403968594 | 2008-12 | PDF | 288 pages | 1 Mb
IN THIS HARD-HITTING AND COMPREHENSIVE look at Alan Greenspan's economic poli¬cies over the last two decades, bestselling author Ravi Batra reveals the devastating effects of the Federal Reserve Chairman's views and policies. Since T1987, TGreenspan has held reign over economic policy, outlasting three presi¬dents, and Batra shows how his views have shifted along with the political tides. Whether you agree with the Chairman's approaches or not, his influence is indisputably far-reaching and resonates loudly around the world.
"Greenomics," Batra argues, has extracted trillions of dollars from the American middle class, sharply enriched the rich, and protected big business. Greenspan's inconsistencies on Social Security, income tax cuts, and the mini¬mum wage are revealed along with the flawed fundamental economic assumptions that under¬lie his policies. Batra shows how, as a result, Greenspan unwittingly engineered a global crash and has profoundly affected the lives of individuals.
In this revealing portrait, the enigmatic head of the Fed is exposed. Batra shares his opinions about Greenspan's motivations as well as his influences and shows why Greenspan has had such an extraordinary career. The result is a complete understanding of this legendary figure.
******************************************************************
CONTENTS
Acknowledgments
The Two Faces of Alan Greenspan
The Social Security Fraud
Greenomics: Free Profits Define Free MarketsT
Greenspan's Intellectual Fraud
Greenspan and the Globe
What Causes a Stock Market Bubble and Its Crash?
The Income Tax Rate and Our Living Standard
Does the Minimum Wage Create Unemployment?
Greenspan and the Galloping Trade Deficit
The Legacy of Greenomics
Economic Reform
NOTES
About the Author
******************************************************************