The Age of Turbulence: Adventures in a New World | Alan Greenspan

The Age of Turbulence: Adventures in a New World | Alan Greenspan | Thoughts of the Money Man

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The Age of Turbule...

	The Age of Turbulence: Adventures in a New World Alan Greenspan Penguin Press HC, The, 2007 - 544 pages average customer review:based on 235 reviews view larger image
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highly recommended

A unique perspective...

Political and economic biases aside, this book offers a one of a kind insight into the inner workings of the financial markets of the US government for the past half-century. The first half of the book is a chronological overview of the financial policies, party initiatives, and how the Fed interacted with each - a fascinating story. The latter half of the book is a much more high-level discussion of the economic theory, and challenges ahead for virtually all of the major economic powers of the early 20th century - denser, but very thought provoking material.

Whichever fence you sit on - Greenspan as 'Bubble Man', or Greenspan as a genius, or somewhere in between, like myself - 'The Age of Turbulence' is a book everyone should read, even if just to start to appreciate the complexities of modern day economics and policy making.

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Thoughts of the Money Man

Alan Greenspan's The Age of Turbulence is an engrossing tale of how the Fed Chairman pulled strings like a puppet master to nudge the US economy one way or the other. For decades, the Chairman steered the economy like a musher on a dog sled while Wall Street sought the instant changes of a motor cycle driver.

From Greenspan's experience, it seems the best governing policy that suits all economic events - except fraud and an occasional quarter point adjustment - is don't mess with the market.

Tis a great book and a good read.

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Greenspan: Architect of the Next Great Depression

THE AGE OF TURBULENCE is a fine book the same way Hitler's MEIN KAMPF is a fine book: It probes deeply into the history and deranged theories of a power-mad dictator.

The early stages of the book offer a fascinating account of Greenspan's childhood, growing up with a single mother in Depression-era New York City. The details here are interesting from a sociological perspective, even if the boy in question did not grow up to become the most powerful and ruinous money master in the history of civilization. The story of his path to prominence is also quite interesting and very well written.

But the later stages of the book is where it falls off. Here Greenspan offers insights into his thoroughly rebuked pseudo-Keynesian monetary and fiscal theories. Worse yet, this arch-dictator of the world's greatest monetary fascism has the audacity to call himself a "libertarian" and a "capitalist." He's far from it.

I would not discourage anyone from reading this book, however, one should not accept Greenspan's central-planning theorems disguised as "free-market" capitalism at face value. This book will teach the uninformed reader a lot about the subject in college they CALL "economics," but nothing of REAL economics. For that, I recommend the works of Murray Rothbard, most notably, his THE CASE AGAINST THE FED.

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Economic Theory can be Fun

Greenspan, artfully turns basic and global economic theory into a sometimes tolerable, often delightful text. Dr. Greenspan's personal recollections on some of our most hated and loved politicians and other significant "characters" are voyeuristic and humorous.

The common threads between Greenspan and Einstein are fascinating, although Greenspan appears to have a bit more tolerance and grace,but then, Greenspan is a politician, while Einstein was decidedly not.

Not always an easy read, but stay with it.

adequate

Not bad, stylish but a bit dark for indoor ranges. I purchased the dark lens. It fogged up too, which was a bit of a surprise since I thought I purchased the "anti-fog" product. Still, it is comfortable...

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