After the Music Stopped - Alan S. Blinder

After the Music Stopped
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Autor: Alan S. Blinder

 Wydawnictwo: Penguin
ISBN: 9781594205309
EAN:
Format: ...
Oprawa: twarda
Stron: 496
Data wydania: 2013-01-01
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With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good-and too unregulated for the public good-experienced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again. "The Wall Street Journal" "[Blinder] is a master storyteller... ["After the Music Stopped"] is one of the best books yet about the financial crisis." Michiko Kakutani, The New York Times" "Highly readable... Mr. Blinder draws on the work of many... reporters in his account. But if large portions of "After the Music Stopped" feel familiar, the book nonetheless benefits from its wide-angle perspective, as well as from its vantage point in time, now that it's possible to assess the fallout of decisions that were being made on the run by White House and Treasury officials under extraordinary pressures. It also benefits from Mr. Blinder's clear-eyed prose and nimble gifts as an explainer -- gifts that sometimes approach those of Bill Clinton, when it comes to making complicated economic issues and policies understandable to the lay reader. Direct and concise, Mr. Blinder tells it as he sees it." "Financial Times" "Blinder's book deserves its likely place near the top of reading lists about the crisis. It "is" the best comprehensive history of the episode... A riveting tale." The New Republic" "For a reader wondering how we got here, and why the people in charge have seemed, often, to be so chary of stringing up the culprits, or tearing down the system, Blinder's book - not least because his fair-minded approach and pragmatic mindset evokes that of America's current regulators - gives us an invaluable insight." USA Today" "What does all the knowledge mean to generalist readers? A lot, actually. Blinder is no defender of his economist colleagues or other former and current insiders who caused so much damage - or, at minimum, failed to see the collapse on the horizon. He writes clearly - as well as lots of journalists. That combination makes the book a worthy addition to the literature." "Seattle Times" "If you want to get between the covers with your favorite econ nerd this season, I recommend Alan Blinder'sk

Książka "After the Music Stopped"
Alan S. Blinder