Fed

Is the Fed private? Is the Federal Reserve owned by the government? The Fed is an anomaly, part of the national government yet carefully kept outside the electoral process, a revolving door between Washington and Wall Street. As the political voice and regulator of capital, the Fed determines who will be poor and who will be rich. This is a groundbreaking best-seller that records the eight years Paul Volcker served as Chairman of the Federal Reserve, reversing the fate of the United States swallowed by inflation, and laying the foundation for the world economy to this day. Based on extensive interviews with top economic players, this book provides the first in-depth look at this mysterious agency that is in some ways even more secretive than the CIA and more powerful than the president and Congress. This is a classic yet popular book that allows you to easily learn real-world economics. Are the financial tycoons on Wall Street the enemies of ordinary people? What financial dynamics do they follow? Why is money a mysterious psychological manipulation technique that affects everyone? In what ways does the central bank influence the national economic system? Why is the Federal Reserve the leader in the global economy? What principles should government agencies abide by when engaging with capital markets? "The Federal Reserve" is a book that lets you understand how real-world economics works.