Fed Up

Fed Up
Author :
Publisher : Penguin
Total Pages : 338
Release :
ISBN-10 : 9780735211650
ISBN-13 : 0735211655
Rating : 4/5 (50 Downloads)

Book Synopsis Fed Up by : Danielle DiMartino Booth

Download or read book Fed Up written by Danielle DiMartino Booth and published by Penguin. This book was released on 2017-02-14 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of 2008 and quitting her high-ranking Wall Street job, Danielle DiMartino Booth was surprised to find herself recruited as an analyst at the Federal Reserve Bank of Dallas, one of the regional centers of our complicated and widely misunderstood Federal Reserve System. She was shocked to discover just how much tunnel vision, arrogance, liberal dogma, and abuse of power drove the core policies of the Fed. DiMartino Booth found a cabal of unelected academics who made decisions without the slightest understanding of the real world, just a slavish devo­tion to their theoretical models. Over the next nine years, she and her boss, Richard Fisher, tried to speak up about the dangers of Fed policies such as quanti­tative easing and deeply depressed interest rates. But as she puts it, “In a world rendered unsafe by banks that were too big to fail, we came to understand that the Fed was simply too big to fight.” Now DiMartino Booth explains what really happened to our economy after the fateful date of December 8, 2008, when the Federal Open Market Committee approved a grand and unprecedented ex­periment: lowering interest rates to zero and flooding America with easy money. As she feared, millions of individuals, small businesses, and major corporations made rational choices that didn’t line up with the Fed’s “wealth effect” models. The result: eight years and counting of a sluggish “recovery” that barely feels like a recovery at all. While easy money has kept Wall Street and the wealthy afloat and thriving, Main Street isn’t doing so well. Nearly half of men eighteen to thirty-four live with their parents, the highest level since the end of the Great Depression. Incomes are barely increasing for anyone not in the top ten percent of earners. And for those approaching or already in retirement, extremely low interest rates have caused their savings to stagnate. Millions have been left vulnerable and afraid. Perhaps worst of all, when the next financial crisis arrives, the Fed will have no tools left for managing the panic that ensues. And then what? DiMartino Booth pulls no punches in this exposé of the officials who run the Fed and the toxic culture they created. She blends her firsthand experiences with what she’s learned from dozens of high-powered market players, reams of financial data, and Fed docu­ments such as transcripts of FOMC meetings. Whether you’ve been suspicious of the Fed for decades or barely know anything about it, as DiMartino Booth writes, “Every American must understand this extraordinarily powerful institution and how it affects his or her everyday life, and fight back.”


Fed Up Related Books

Fed Up
Language: en
Pages: 338
Authors: Danielle DiMartino Booth
Categories: Business & Economics
Type: BOOK - Published: 2017-02-14 - Publisher: Penguin

DOWNLOAD EBOOK

A Federal Reserve insider pulls back the curtain on the secretive institution that controls America’s economy After correctly predicting the housing crash of
Fed Up
Language: en
Pages: 283
Authors: Gemma Hartley
Categories: Social Science
Type: BOOK - Published: 2018-11-13 - Publisher: HarperCollins

DOWNLOAD EBOOK

From Gemma Hartley, the journalist who ignited a national conversation on emotional labor, comes Fed Up, a bold dive into the unpaid, invisible work women have
Fed Up
Language: en
Pages: 264
Authors: Katie Barbaro
Categories:
Type: BOOK - Published: 2021-04 - Publisher: Orchard Press

DOWNLOAD EBOOK

An illustrated book about recovery from an eating disorder, told from the perspective of artist Katie Barbaro. This serious subject matter is presented in a lig
Fed Up
Language: en
Pages: 319
Authors: Dale Finley Slongwhite
Categories: Social Science
Type: BOOK - Published: 2014-05-06 - Publisher: University Press of Florida

DOWNLOAD EBOOK

One farmworker tells of the soil that would “bite” him, but that was the chemicals burning his skin. Others developed lupus, asthma, diabetes, kidney failur
Fed Up!
Language: en
Pages: 165
Authors: Rick Perry
Categories: Political Science
Type: BOOK - Published: 2010-11-15 - Publisher: Hachette UK

DOWNLOAD EBOOK

Now, do not misunderstand me, America is great. But we are fed up with being over-taxed and over-regulated. We are tired of being told how much salt to put on o