Download Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America AudioBook Free
An insider's unflinching exposé of the dangerous culture within the Federal government Reserve. In the first 2000s, as a Wall Road escapee writing a financial column for the Dallas Day Reports, Booth fascinated attention for her vivid criticism of the Fed's low interest policies and her cautionary warnings about the bubbly housing marketplace. No person was more shocked than she when the folks at the Dallas Federal government Reserve asked her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to responsibility and rose to be one of Dallas Given chief executive Richard Fisher's closest advisors. To her dismay, the culture at the Given - and its management - were not merely ignorant of the making financial crisis but indifferent to its very possibility. They interpreted their job of keeping the overall economy going to signify keeping Wall Road afloat at the expense of the American taxpayer. But bad Given plan created unaffordable real estate, skewed bonuses, rampant commercial financial anatomist, stagnant pay, an exodus from the work force, and skyrocketing learner debt. Booth observed firsthand the way the Given abdicated its responsibility to the American people both before and following the financial crisis - and how no person within the Given appears to have learned or evolved from the knowledge. Today the Federal government Reserve is still controlled by 1,000 PhD economists and run by an unelected Western world Coast radical with no direct business experience. The Given continues to enable Congress to increase our nation's ballooning credit debt and avoid making hard selections, despite the high emotional and financial costs. And our craving to the "heroin" of low rates of interest is driving our overall economy toward yet another collapse. This reserve is Booth's clarion require a change in the way America's most effective lender is run - before it's too late.
