Download Who Shot Goldilocks?: How Alan Greenspan Did In Our Jobs, Savings, and Retirement Plans AudioBook Free
The U.S. economy experienced one of the very most productive and prosperous decades in its history in the 1990s. Led by the engines of technological advancement, a post-Cold War surplus of investment finance worldwide, and the growing importance and practice of international trade, the American economy became popular on the longest unbroken expansion in its history. Remarkably, this growth was not so feverish concerning create inflation, as production efficiency was at an all time high. It had been also steady enough to steer clear of the cool periods many expansions experience. Many economy watchers called it "the Goldilocks Economy", because it was not too hot and not too cool. It had been perfectly, and the country prospered behind it. Then, very quickly and with little warning, it ground to a devastating halt. Businesses were immobilized by the capital crunch caused by the falling stock market. The fallout was felt nationwide. An incredible number of hard-working Americans lost their jobs, homes, and savings. Many lost everything. Across America, people asked the same question: What happened? In Who Shot Goldilocks?, William D. Rutherford outlines in detail the economical and policy decisions that helped create the best generation of wealth in American history - and the incredible actions that in the end destroyed it. Who Shot Goldilocks? presents a clear-eyed view of the inner workings of the American economy, explains how policy decisions affecting millions are created, and shows the way the people accountable for maintaining the course of the economy failed. It is necessary reading for anyone concerned about America's put in place the global economy now and in the foreseeable future.
