Description

From the New York Times bestselling author the fascinating story of US economic policy from Kennedy to COVIDfilled with lessons for today

In this book Alan Blinder one of the worlds most influential economists and one of the fields best writers draws on his deep firsthand experience to provide an authoritative account of sixty years of monetary and fiscal policy in the United States Spanning twelve presidents from John F Kennedy to Joe Biden and eight Federal Reserve chairs from William McChesney Martin to Jerome Powell this is an insiders story of macroeconomic policy that hasnt been told beforeone that is a pleasure to listen to and as interesting as it is important

Focusing on the most significant developments and longterm changes Blinder traces the highs and lows of monetary and fiscal policy which have by turns cooperated and clashed through many recessions and several long booms over the past six decades From the fiscal policy of Kennedys New Frontier to Bidens responses to the pandemic the book takes listeners through the stagflation of the 1970s the conquest of inflation under Jimmy Carter and Paul Volcker the rise of Reaganomics and the bubbles of the 2000s before bringing the story up through recent eventsincluding the financial crisis the Great Recession and monetary policy during COVID19