Book : Secrets Of The Temple How The Federal Reserve Runs...

-Titulo Original : Secrets Of The Temple How The Federal Reserve Runs The Country

-Fabricante :

Simon & Schuster

-Descripcion Original:

William Greider’s groundbreaking bestseller reveals how the mighty and mysterious Federal Reserve operates-and manipulates and the world’s economy.This ground-breaking best-seller reveals for the first time how the mighty and mysterious Federal Reserve operates-and how it manipulated and transformed both the American economy and the worlds during the last eight crucial years. Based on extensive interviews with all the major players, Secrets of the Temple takes us inside the government institution that is in some ways more secretive than the CIA and more powerful than the President or Congress. Review The Nation May be the most important political book of the decadeWashington Post Book World Masterful...Monumental...A virtuoso investigative history.The New York Times Book Review Breathtaking energy and research...San Francisco Chronicle Review Spectacular...A superb, riveting narrative of the development of the U.S. political economy...An informative primer on the origins and nature of moneyColumbia Journalism Review An awesome achievement...destined to rank as one of the half-dozen best dealing with the Reagan era...a splendid job of reporting...aggressive and insightful.The Wall Street Journal A gripping portrait of American economic civilization...brilliant author...wonderful book...Time Lucid and colorful...a historical and analytical work of impressive breadth and depth About the Author William Greider is the bestselling author of five previous books, including One World, Ready or Not (on the global economy), Who Will Tell the People (on American politics), and Secrets of the Temple (on the Federal Reserve). A reporter for forty years, he has written for The Washington Post and Rolling Stone and has been an on-air correspondent for six Frontline documentaries on PBS. Currently the national affairs correspondent for The Nation, he lives in Washington, D.C. Excerpt. © Reprinted by permission. All rights reserved. Chapter 1THE CHOICE OF WALL STREETIn the American system, citizens were taught that the transfer of political power accompanied elections, formal events when citizens made orderly choices about who shall govern. Very few Americans, therefore, understood that the transfer of power might also occur, more subtly, without elections. Even the President did not seem to grasp this possibility, until too late. He would remain in office, surrounded still by the aura of presidential authority, but he was no longer fully in control of his government.The American system depended upon deeper transactions than elections. It provided another mechanism of government, beyond the reach of the popular vote, one that managed the continuing conflicts of democratic capitalism, the natural tension between those two words, democracy and capitalism. It was part of the national government, yet deliberately set outside the electoral process, insulated from the control of mere politicians. Indeed, it had the power to resist the random passions of popular will and even to discipline the society at large. This other structure of American governance coexisted with the elected one, shared power with Congress and the President, and collaborated with them. In some circumstances, it opposed them and thwarted them.Citizens were taught that its activities were mechanical and nonpolitical, unaffected by the self-interested pressures of competing economic groups, and its pervasive influence over American life was largely ignored by the continuing political debate. Its decisions and internal disputes and the large consequences that flowed from them remained remote and indistinct, submerged beneath the visible politics of the nation. The details of its actions were presumed to be too esoteric for ordinary citizens to understand.The Federal Reserve System was the crucial anomaly at the very core of representative democracy, an uncomfortable contradiction with the civic mythology of self-government.