Hitting a Tank with a Stick
The amazing 1990s began with a recession, high unemployment, and victory in the first Gulf War. Soon, though, the economic good times rolled, as the promise of remarkable computer and Internet technologies was realized. The economy grew, unemployment dropped, the federal deficit changed to a rising...
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| Published in | Deception and Abuse at the Fed p. 1 |
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| Main Author | |
| Format | Book Chapter |
| Language | English |
| Published |
United States
University of Texas Press
03.06.2009
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| Online Access | Get full text |
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| Summary: | The amazing 1990s began with a recession, high unemployment, and victory in the first Gulf War. Soon, though, the economic good times rolled, as the promise of remarkable computer and Internet technologies was realized. The economy grew, unemployment dropped, the federal deficit changed to a rising surplus, and jubilant investors hung on to the stockmarket balloon that rapidly inflated until the end of the decade. The spotlight focused on one man, who was cast as the country’s economic “maestro.” Alan Greenspan achieved saint-like status as he led the country’s most powerful peacetime governmental bureaucracy: the nation’s central bank, the Federal |
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| ISBN: | 0292717857 9780292717855 |