Secrets of the Temple
by William Greider
This book was the first popular look behind the curtain of the Fed, this very secretive institution. People think of the CIA as the secretive organisation, but the Fed is probably just as secretive or it certainly was at the time, in the 80s, and he shines a light on it. He also tells the story of how Paul Volcker, the chairman of the Federal Reserve at the time, really waged war on inflation.
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“The Reckoning is an account of the problems in the American auto industry and is the story of how America goes from dominating the auto industry and really being synonymous with it to losing a step to the Japanese. There are a lot of things I like about the book, but the nub of it is that he bases it in the wider context of American decline and the loss of American supremacy in the post-war period and the rise of the Japanese challenge. “ Read more...
The best books on Economic History
David J Lynch, Political Commentator
