The Power of Alan Greenspan: The Man Who Mastered the Economy and Changed the World

Introduction

In "The Power of Alan Greenspan," Larry Kahaner takes readers on a journey through the life and career of one of the most influential figures in modern economic history. Greenspan, who served as Chairman of the Federal Reserve for nearly two decades, is widely credited with helping to create the longest period of economic expansion in American history. But his legacy is also marked by controversy, as some critics argue that his policies contributed to the financial crisis of 2008.

Greenspan's Early Life and Career

Alan Greenspan was born in New York City in 1926. He showed an early aptitude for mathematics and economics, and he went on to earn a doctorate in economics from New York University. After working in the private sector, Greenspan entered government service in the 1970s, serving as Chairman of the Council of Economic Advisers under President Gerald Ford.

Greenspan's Tenure as Fed Chairman

Greenspan was appointed Chairman of the Federal Reserve in 1987, a time when the U.S. economy was struggling with high inflation and slow growth. Greenspan quickly implemented a series of policies that helped to stabilize the economy and promote economic growth. He also played a key role in managing the aftermath of the 1987 stock market crash and the 1990-1991 recession.

Greenspan's Legacy

Greenspan's tenure as Fed Chairman was marked by unprecedented economic growth and low inflation. He is widely credited with helping to create the conditions for the longest period of economic expansion in American history. However, his legacy is also marked by controversy, as some critics argue that his policies contributed to the financial crisis of 2008.

Conclusion

"The Power of Alan Greenspan" is a fascinating and insightful look at one of the most influential figures in modern economic history. Kahaner's book provides a balanced and objective account of Greenspan's life and career, and it is essential reading for anyone who wants to understand the recent history of the American economy.

Why You Should Read This Book

If you are interested in economics, history, or public policy, then "The Power of Alan Greenspan" is a must-read. Kahaner's book provides a fascinating and insightful look at one of the most influential figures in modern economic history. It is a well-written and engaging book that will appeal to a wide range of readers.

Where to Buy

"The Power of Alan Greenspan" is available in hardcover, paperback, and audiobook formats. You can purchase the book from Amazon, Barnes & Noble, or your local bookstore.