Greenspan's Fraud

For two decades Alan Greenspan has held reign over the US Federal Reserve, outlasting three American presidents. His debilitatingly long tenure has had a profound effect on global economics and on individuals around the world. In this book, international bestselling author, Ravi Batra, takes sharp aim at Greenspan’s policies since he came into power while revealing the underlying philosophies of the man called ‘one of the most powerful men in the world’ by the international press. ‘Greenomics’, Batra argues, is riddled with inconsistency that hints at political motive. Greenspan, whose mentor was Ayn Rand, is exposed as a protector of big business at the expense of the middle class. Batra proves that ‘Greenomics’ has also been responsible for periods of irrational exuberance, because of Greenspan’s loose monetary policies. Since the mid 90’s, his ultra-expansionist monetary policy has strictly benefited the rich. Batra credits Greenspan with unwittingly engineering a global crash, creating self serving policies, and creating policy based on false assumptions.

Author Biography

RAVI BATRA is Professor of Economics at the Southern Methodist University, Dallas, USA, and is author of six international bestsellers two of which were New York Times bestsellers, including The Great Depression of 1990, and Surviving the Great Depression of 1990. He has appeared on CBS, NBC, CNN, ABC, CNBC and has been profiled in The New York Times, The Washington Post, Time, Newsweek and many more.