{"product_id":"do-they-walk-on-water-leonard-j-santow-9780313360336","title":"Do They Walk on Water? Federal Reserve Chairmen and the Fed","description":"A crowd gathers. People crane their necks. Cameras flash. The limo door opens. Who is it--Mick Jagger? Oprah? Tiger Woods? No. It's Alan Greenspan--and the crowd still goes wild. Many felt Greenspan walked on water during his lengthy term as Chairman of the Federal Reserve System. But was he a genius or, as Tolstoy might portray him, simply someone who could manifest confidence while attempting to captain an uncontrollable ship? In this book, economist Leonard Santow casts a steely eye on the Fed and its five most recent chairmen--Arthur Burns, G. William Miller, Paul Volcker, Alan Greenspan, and Ben Bernanke. Along the way, readers learn what function the Fed performs and why, how monetary policy differs from fiscal policy, which levers the Fed uses to change the money supply and control inflation, and more. This is one of the few books to explain the inner workings of the Fed and its Open Market Operations in layman's terms, while evaluating its most recent chiefs in their efforts to keep inflation at bay and the economy humming. Written in an easy and accessible style, the book also contains insights on the subprime mess and the securities that helped bring down the real estate house of cards, and it offers prescriptions for smoothing the choppy economic seas going forward.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Leonard J. Santow\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0313360332\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780313360336\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Praeger\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/30\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 360\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.60lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.40w x 1.40d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 02\/01\/2009 pg. 139\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 06\/01\/2009","brand":"Leonard J. Santow","offers":[{"title":"Hardcover","offer_id":48086481699071,"sku":"9780313360336","price":55.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_7b4d9fe8-dbe5-42a0-863f-a215d243290b.jpg?v=1769094918","url":"https:\/\/www.whiterainbookhouse.com\/products\/do-they-walk-on-water-leonard-j-santow-9780313360336","provider":"WR Book House","version":"1.0","type":"link"}