Acknowledgments
Why Bernanke? I’ve always thought I had “a book in me”; that is, that I could bring serious economics to a broad audience. Writing about the new Fed chairman seemed natural. “Fed watching” is arguably the most important part of my job as Chief U.S. Economist at Lehman Brothers. It is a topic of great interest to investors and anyone concerned about the U.S. economic outlook. Besides, there is no competition: there are lots of books on Alan Greenspan, but no books on Bernanke.
Visiting a bookstore in Tokyo in May, 2008, I found two piles of books on the Fed prominently displayed side by side: one pile with Greenspan’s memoirs, The Age of Turbulence, and another bigger pile with William Fleckenstein’s anti-Greenspan screed, Greenspan’s ...
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