Secrets of the Temple: How the Federal Reserve Runs the Country
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 world's 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.
Central Banking for Poets
By T. Graczewski "tgraczewski" - November 11, 2002
One might think of William Greider's "Secrets of the Temple: How the Federal Reserve Runs the Country" as "Central Banking for Poets." If you've ever scratched your head in wonder when reading how Alan Greenspan and the Fed have "lowered interest rates" or are "easing monetary policy," this book will be extremely enlightening and well worth the time it will take you to plow through all 700 plus pages. If (like me) you majored in economics, you'll be surprised how much better Greider is in explaining arcane economic theory than your college professors (and you'll probably learn -- or re-learn -- quite a bit in the process).The focal point of the book is the celebrated and controversial tenure of Federal Reserve Chairman Paul Volker (1979-1987), but the mechanics of central banking so clearly and concisely explained are just as much applicable today as in 1980 - or 1950 for that matter. Greider divides the book into three more-or-less equal thirds. The first covers... read more
Secrets of the Temple - William Greider
By W. Gruenwald - July 2, 2000
While this book dismisses in one paragraph the idea that the Federal Reserve System was born of a conspiracy, it than goes on for over 700 pages to describe in fascinating detail the operation of, what must surely be the most sinister conspiracy ever hoisted upon mankind, the Federal Reserve System. The author is not a conspiracy theory kook or a John Birch society member, but rather an ex Editor of the Washington Post. The book is endorsed by Ted Kennedy, The Washington Post, and the NY Times, all noted for their liberal bent. It is not a politically motivated book but rather a shocking expose of the organization of banks that controls our economy and the worlds. Instead of "and that government of the people, by the people and for the people", the Federal Reserve system has made it "government of the banks, by the banks, and for the banks shall not perish from the earth". It is clear from reading this book that our economy and the world's economy is... read more
One of the very best books I've read in my life
By A Customer - July 13, 2002
I'm not going to recap the book contents; others, who have read the book more recently, can do a better job of that. I will tell you, instead, about its long term impact.It's been probably fourteen years since I read _Secrets_of_the_Temple_ and it still haunts me as one of the most important, most influential books I've read in my 46 years of life.The common beliefs that the Fed is near infallible, that it always knows what it is doing when it takes action, and that 80 years since the last Depression is proof that the Central Bank will always pull us through are more mistaken than most people would believe. Reading the history of Central Banking will open your eyes considerably, I think. Oh, yes, and this book is actually a pleasure to read -- it's that smoothly written.
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