Fed Up - An Insider's Take on Why the Federal Reserve is Bad for America-logo

Fed Up - An Insider's Take on Why the Federal Reserve is Bad for America

Danielle DiMartino Booth

More Information

Description:

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

Language:

English

Length:

9h 58m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

00:14


Chapter 2
Chapter 2

00:11


Chapter 3
Chapter 3

08:57


Chapter 4
Chapter 4

08:43


Chapter 5
Chapter 5

07:23


Chapter 6
Chapter 6

08:57


Chapter 7
Chapter 7

05:28


Chapter 8
Chapter 8

04:47


Chapter 9
Chapter 9

08:59


Chapter 10
Chapter 10

08:51


Chapter 11
Chapter 11

08:17


Chapter 12
Chapter 12

04:07


Chapter 13
Chapter 13

08:51


Chapter 14
Chapter 14

08:50


Chapter 15
Chapter 15

08:48


Chapter 16
Chapter 16

08:53


Chapter 17
Chapter 17

08:21


Chapter 18
Chapter 18

09:00


Chapter 19
Chapter 19

06:28


Chapter 20
Chapter 20

07:29


Chapter 21
Chapter 21

07:22


Chapter 22
Chapter 22

08:51


Chapter 23
Chapter 23

07:11


Chapter 24
Chapter 24

05:20


Chapter 25
Chapter 25

08:57


Chapter 26
Chapter 26

08:52


Chapter 27
Chapter 27

08:48


Chapter 28
Chapter 28

06:02


Chapter 29
Chapter 29

04:13


Chapter 30
Chapter 30

08:30


Chapter 31
Chapter 31

04:55


Chapter 32
Chapter 32

04:32


Chapter 33
Chapter 33

08:07


Chapter 34
Chapter 34

08:57


Chapter 35
Chapter 35

08:48


Chapter 36
Chapter 36

06:48


Chapter 37
Chapter 37

04:21


Chapter 38
Chapter 38

08:39


Chapter 39
Chapter 39

08:57


Chapter 40
Chapter 40

05:39


Chapter 41
Chapter 41

05:22


Chapter 42
Chapter 42

08:59


Chapter 43
Chapter 43

06:44


Chapter 44
Chapter 44

05:43


Chapter 45
Chapter 45

08:50


Chapter 46
Chapter 46

06:36


Chapter 47
Chapter 47

04:45


Chapter 48
Chapter 48

08:42


Chapter 49
Chapter 49

08:27


Chapter 50
Chapter 50

07:50


Chapter 51
Chapter 51

05:49


Chapter 52
Chapter 52

06:19


Chapter 53
Chapter 53

06:18


Chapter 54
Chapter 54

08:58


Chapter 55
Chapter 55

08:59


Chapter 56
Chapter 56

06:45


Chapter 57
Chapter 57

06:12


Chapter 58
Chapter 58

08:55


Chapter 59
Chapter 59

08:50


Chapter 60
Chapter 60

08:52


Chapter 61
Chapter 61

04:58


Chapter 62
Chapter 62

04:19


Chapter 63
Chapter 63

08:03


Chapter 64
Chapter 64

04:18


Chapter 65
Chapter 65

08:50


Chapter 66
Chapter 66

08:56


Chapter 67
Chapter 67

08:52


Chapter 68
Chapter 68

08:44


Chapter 69
Chapter 69

07:23


Chapter 70
Chapter 70

06:05


Chapter 71
Chapter 71

06:29


Chapter 72
Chapter 72

07:05


Chapter 73
Chapter 73

07:29


Chapter 74
Chapter 74

08:45


Chapter 75
Chapter 75

08:38


Chapter 76
Chapter 76

08:47


Chapter 77
Chapter 77

08:58


Chapter 78
Chapter 78

08:39


Chapter 79
Chapter 79

08:41


Chapter 80
Chapter 80

06:48


Chapter 81
Chapter 81

05:22


Chapter 82
Chapter 82

08:40


Chapter 83
Chapter 83

00:30