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Recessions/ Depressions: Fed Style

Edward Gale (Author)

ISBN: 0-7414-5928-0 ©2010
Price: $10.95
Book Size: 5.5'' x 8.5'' , 115 pages
Category/Subject: BUSINESS & ECONOMICS / Economic History

Don’t blame the greedy Wall Streeters entirely for our financial messes – the historical record clearly shows that the Federal government, for political gain, is equally to blame.

The book is based on a study of the historical accounts of the major economic recessions or depressions that have occurred during the history of the US. Time and again, it was found that a period of monetary expansion produced by the Congress, President or Federal Reserve, preceded each financial collapse. Greedy Wall Streeters and other slick operators historically used these expansive periods to make money as fast and irresponsibly as possible. Their greedy overexpansion inevitably resulted in financial collapse that destroyed employment and shattered the lives and dreams of the “little guy.”

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