“Exceptional . . . Deeply researched and elegantly written . . . As a description of the politics and pressures under which modern independent central banking has to operate, the book is incomparable.” —Financial Times
The definitive biography of the most important economic statesman of our time, from the bestselling author of The Power Law and More Money Than God
 
Sebastian Mallaby's...

Shares incisive commentary on the financial meltdown and its aftermath, counseling democratic societies on how to avoid the practices that have led to unregulated markets and economic inequality.

"The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian...

Discusses how the 2008 financial crisis revealed the shortcomings of the euro and how it has caused Europe's economic stagnation, and outlines three possible plans for moving forward.

Faced with the prospect of a new Great Depression in 2008 when the collapse of Lehman Brothers set off a global panic, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other agencies took extraordinary measures to contain the damage and steady the financial system and the economy. Edited by three of the policymakers who led the government's response to the crisis, with chapters written by the teams tasked...

The Wall Street meltdown in 2008 brought the country to its knees and spawned nationwide protests against the lack of regulation and oversight in the financial industry. But the average American still fails to fully grasp what was--and still is--happening: that the inmates run the asylum. Larry Doyle exposes how financial executives, politicians, and even the regulators charged with overseeing the banks have conspired for personal gains while deceiving...

The former chairman of the Federal Reserve documents his rise from a Southern youth to Ivy League professorships prior to the 2007 housing bubble burst, detailing the dramatic efforts to salvage the U.S. economy that made him "Time" magazine's 2009 Person of the Year.