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    Description

    An insider's unflinching exposé of the toxic culture within the Federal Reserve.

    In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors.

    To her dismay, the culture at the Fed - and its leadership - were not just ignorant of the brewing financial crisis but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis - and how nobody within the Fed seems to have learned or changed from the experience.

    Today the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy toward yet another collapse.

    This book is Booth's clarion call for a change in the way America's most powerful financial institution is run - before it's too late.

    ©2017 Danielle DiMartino Booth (P)2017 Penguin Audio

    Ce que les auditeurs disent de Fed Up

    Notations
    Global
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    Commentaires - Veuillez sélectionner les onglets ci-dessous pour changer la provenance des commentaires.

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    • Global
      5 out of 5 stars
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    Very helpful to understand monetary policy

    Great book about who politics take in assault monetary policy and ignoring the aftermath in the years to come. Noting has changed since ever. Depth must be paied back, whatever it costs. Cheep money do not improve the productivity of a nation. It keeps only unproductive company's for some more years alive, but do not correct the root cause.

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    • Global
      5 out of 5 stars
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    • casey
    • 20/02/2017

    straight forward brilliant

    I love it when people that have extreme experience in life are able to put it in a book and give you real insight

    10 personnes ont trouvé cela utile

    • Global
      2 out of 5 stars
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    • Kindle Customer
    • 13/07/2018

    good analysis of fed dysfunction. but.....

    the author surely has an experienced and insightful knowledge of the inner workings of the Fed, and concisely boils down the problems at the end of the book. since she is technically an Insider it's not surprising that she does not identify the much larger systemic and mechanical failings which cause the FED to be conflicted and deficient in serving the U. S. citizenry.

    5 personnes ont trouvé cela utile

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    • Travis
    • 19/06/2017

    Disappointed.

    Would you try another book from Danielle DiMartino Booth and/or Danielle DiMartino Booth?

    Probably not. I don't like her writing style.

    What three words best describe Danielle DiMartino Booth’s performance?

    Her performance in the studio is just fine, but I feel her writing style and center of focus distracts from any significant points she's trying to make.

    If this book were a movie would you go see it?

    Maybe.

    Any additional comments?

    After G. Edward Griffin's book, "The Creature From Jekyll Island", this reads like a gossip column. I wanted the perspective of an insider, but I feel like I heard more about how other insiders dressed and looked than anything else.

    4 personnes ont trouvé cela utile

    • Global
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    • sheila
    • 19/02/2017

    Unbelievable insight into what happened to my money!

    Wow! This book provides an eye opening view of the bad egghead decision makers who greedily made bad decisions or lack there of decisions at the Federal Reserve and how it had affected me and my family over the years! A truthful tell all with sighted documentation! Very scary that we put so much trust in the hands of the Feds without proper checks and balances preventing decisions that solve issues for one group but create big one for groups to come. The Feds forgot who they were protecting! Money does enable growth. Don't prevent hard working Americans from well deserved rewards. A must read for all!

    3 personnes ont trouvé cela utile

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    • Brian E. Robinson
    • 25/10/2017

    Love the book and her Audible presentation!!

    Danielle’s book is excellent and so is her presentation! I learned so much and she kept my attention throughout. I am not an economist, I’m not in banking or finance, but I am interested in the Federal Reserve System going back to the beginning. I’m a bit of a historian I suppose. She has inspired me to continue my study of central banking. Many thanks!

    2 personnes ont trouvé cela utile

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      4 out of 5 stars
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    • Christopher L. Wimsatt
    • 21/02/2017

    a keen look at a hard-to-define institution

    the narrator was excellent. The writing was better. The story told was the best.

    the Fed is an arcane institution whose function is obscured by jargon that often seems intentionally convoluted. the role of the central bank and the tools at its disposal can seem impenetrable to anyone without concurrent degrees in economics, political science, and finance. This book breaks that barrier and explains the actions by massivley powerful and breathtakingly anonymous people as the world began to unravel in the aftermath pf the housing crisis. highly recommended.

    4 personnes ont trouvé cela utile

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      4 out of 5 stars
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    • TavianCainBass
    • 17/06/2020

    Fed and Financial Crisis explained

    Well, mostly explained. This book won't do much to explain how or why the Federal Reserve was created in the first place. For that you should read G. Edward Griffin's "The Creature from Jekyll Island." But what it will explain is how the Fed created and perpetuated the financials crises of the last 20 years - including the housing crisis, the Great Recession and the long, protracted recovery. Amazingly, this book is even MORE prescient in 2020 than it was when published in 2017 as the Fed is repeating the EXACT SAME PLAYBOOK this time around. Stock market down? Better lower interest rates! Stock market down again? Lower interest rates to zero and do QE - bigger than ever before!

    The Fed is completely clueless and are actively harming America for the benefit of 1%. I would say that this book could be updated through today and be even more complete but honestly, everything the Fed has done since Fed Chairman Jerome Powell's capitulation to the capital markets in December 2018 is literally the same as Bernanke's and Yellen's response a decade earlier. You couldn't write a script like this and have it be believable - nobody is so stupid as to do the exact same thing twice, right? Wrong.

    The biggest insight I gleaned from this book is how "ivory tower" the Fed is. Hundreds - literally, hundreds - of Ph.D. economists who have no knowledge of actual financial markets but have mathematical models that show them how they THINK the world should work, are in charge of the nation's most important economic decisions to ruinous effect. The models are wrong. Always. Yet they stick to it. Ms. DiMartino Booth describes how she, with a lowly MBA from UT Austin, was an outcast in the Dallas Federal Reserve because of her "lack of credentials." Nevermind that as a former employee of DLJ and Credit Suisse she had more experience on Wall Street than every single economist, they viewed her as someone whose opinions were worthless due to her outsider status. Fortunately, the president of the Dallas Fed, Richard Fisher, the one who pushed her to come on board in the first place, saw past all the nonsense. Fisher himself was an outsider, almost always opposing Bernanke's and Yellen's madness, a theme that repeats throughout this book.

    In any case, this book will make you angry. You will wonder why Congress doesn't take back control from an unelected group of economists. This book provides no solutions to that, but it does do a great job describing the sheer blindness of the Federal Reserve and its ruinous effects on America.

    1 personne a trouvé cela utile

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    • jerome m.
    • 12/03/2018

    Excellent Review Of The 2008/09 Financial Crisis

    If you missed the 2008/09 financial crisis or forgot exactly what happened, you should listen to this book. Especially if you have financial exposure to the stock and/or bond markets (i.e., retirement accounts). It's happened before, it will happen again, and next time will be far more devistating than the last.

    1 personne a trouvé cela utile

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    • erickarlos
    • 12/01/2018

    Required Reading

    A lot has been said about the Fed and housing/finance/banking crises, as well as the subsequent actions of those in-charge. What we have seldom heard was an insider’s take on the worldview and framework of those decision-makers, and how their severely flawed understanding of the real world implications of their theory-based decisions and academic experiments contributed to unprecedented risk and destruction of wealth.

    Out of all the books out there on this subject, I would rank this as a top 3. Not only is the content outstanding, but the narration and story-telling is great as well.

    1 personne a trouvé cela utile

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    • Matthew Read
    • 03/05/2017

    Very informative!

    I hope the right people read this book and perhaps we can see some positive change in the FED, some true diversity of thought and philosophy.

    1 personne a trouvé cela utile

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      5 out of 5 stars
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    • Swish
    • 23/01/2019

    Top! Top! Top!

    Ein in muss für jeden, der die Finanzwelt und ihre Konsequenzen für den Rest von uns verstehen will. exzellenter Bericht einer mutigen und fachkundigen Frau, die den Schwergewichten der FED die Stirn bietet. Viele Menschen behaupten, sie seien kritisch gegenüber der FED. Sie meinen damit in der Regel aber nur irgendwelche Verschwörungen und Mythen die teilweise von der FED selbst durch ausbleiben jeglicher Kommunikation geschürt werden. Das ist ein Buch von jemandem, der weiß wovon er spricht. Habe es an zwei Tagen durch gehört. Spannend von der Autorin selbst gelesen, mit einem Aufruf an die Öffentlichkeit.

    2 personnes ont trouvé cela utile