Alan Shrugged: The Life and Times of Alan Greenspan, the World's Most Powerful Banker

Alan Shrugged: The Life and Times of Alan Greenspan, the World's Most Powerful Banker

Alan Shrugged: The Life and Times of Alan Greenspan, the World's Most Powerful Banker

Alan Shrugged: The Life and Times of Alan Greenspan, the World's Most Powerful Banker

Synopsis

Power . . . Personality . . . Paradox When Alan Greenspan talks, Wall Street listens-as do bankers, investors, politicians, and economists throughout the world. He is the number one arbiter of U.S. monetary policy-credited, as Chairman of the Federal Reserve, with having simultaneously held inflation down and kept the economy growing throughout the longest and largest economic expansion in U.S. history. Yet, this Atlas of number crunchers, who owned and operated a highly successful Wall Street consulting firm, never amassed a personal fortune, was a member of the cultlike inner circle surrounding one of America's most controversial authors, and began his career as a professional jazz musician. Clearly, there is even more to Alan Greenspan than meets the eye. In Alan Shrugged, you'll meet Greenspan the public figure and Alan the private man in the most detailed, revealing, and entertaining account of Greenspan's life and career ever published. Filled with surprises, amusing anecdotes from the likes of Henry Kissinger and Barbara Walters, and thoughtful insights from bestselling biographer Jerome Tuccille, Alan Shrugged offers an informative and engaging portrait of one of the most powerful, capable, and complex figures on the American political scene.

Excerpt

Alan Greenspan was born in a decade not unlike the 1990s. During the 1920s, the stock market was booming, the good times were rolling along, people had more than enough money to burn, and many believed the bubble would never burst. But burst it did, and when it finally deflated, the hopes, dreams, and fortunes of millions of people were dashed to smithereens.

The 1990s ended differently. in 1999, stocks turned in their fifth straight year of returns in excess of 20 percent, with technology shares actually doubling in value during the final year of the decade. While many stood on the sidelines predicting that this bubble would also burst, millions of speculators ignored them and grew rich buying the stocks of companies with no hope of turning a profit in the foreseeable future. Most observers gave the credit for this decade of unprecedented prosperity to the man who had been controlling the nation's money spigot for the past thirteen years, Alan Greenspan.

As 2000 got under way, Greenspan had become a household name. the last name alone was enough to identify the man behind it. There was no question that Greenspan meant Alan Greenspan . . .

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