Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker

Alan Shrugged: Alan Greenspan, the World's Most Powerful Banker

by Jerome Tuccille
     
 

How did a shy, gawky musical protégé grow up to become the Delphic oracle of U.S. monetary policy and the most powerful banker in the world? In Alan Shrugged, bestselling biographer Jerome Tuccille examines the life of Alan Greenspan, identifies the defining incidents that shaped his career, and explores the major influences on his political and

Overview

How did a shy, gawky musical protégé grow up to become the Delphic oracle of U.S. monetary policy and the most powerful banker in the world? In Alan Shrugged, bestselling biographer Jerome Tuccille examines the life of Alan Greenspan, identifies the defining incidents that shaped his career, and explores the major influences on his political and economic thinking.

The author draws on extensive interviews with Greenspan’s closest friends and professional associates to reveal the surprisingly colorful, complex man behind the dour personage who often speaks in a language that few people understand. Tuccille creates a vivid portrait of an intense young man torn between his love of music and his fascination with math and economics. He recounts Greenspan’s days as a professional jazz musician and his painful realization that, as much as he loved music, he was born to be an economist.

Bursting with new information on Greenspan’s close but often contentious relationship with Ayn Rand, who dubbed him "the undertaker" because of his somber appearance, Alan Shrugged explains why Greenspan was so drawn to Rand’s moral defense of capitalism and why Rand was so eager to count him among her disciples.

This comprehensive account examines Greenspan’s stunning success as a Wall Street financial consultant and tracks his political rise from his decision to join Richard Nixon’s 1968 presidential campaign, through the Ford and Reagan administrations, to his appointment as Federal Reserve Chairman in 1987. Refreshingly accessible discussions of what money is and how it is accumulated demystify Fed policy and enable an informative, entertaining, and intelligible review of Greenspan’s achievements and shortcomings as Fed Chairman.

Peppered with insightful anecdotes from such luminaries as Henry Kissinger, Barbara

Walters, Milton Friedman, Robert Rubin, former President George Bush, and many more, Alan Shrugged reveals Greenspan’s sharp sense of humor, personal idiosyncrasies, and awesome intellectual power. It also uncovers an unexpected current of comedy and pathos running beneath the surface of Greenspan’s life in stark contrast with his staid demeanor. Surprising, intriguing, and utterly engrossing, Alan Shrugged is must reading for anyone interested in the economy, politics, or the life of the man considered by many to be one of the most powerful people on the planet.

Editorial Reviews

From the Publisher
As the book's title suggests, Alan Greenspan, chairman of the U.S. Federal Reserve, is probably the world's most powerful financial figure. Tuccille, a financial writer and biographer (Rupert Murdoch; Trump), covers Greenspan's life from his 1926 birth through early 2002. He recounts Greenspan's close relationship with his mother after his parents' divorce, his two marriages, and his affinity for both mathematics and music. Although he played jazz professionally, Greenspan chose to follow his mathematical side and made a career in economics. After years in the private sector, he moved into government service as an advisor to presidents Nixon and Ford before President Reagan appointed him Federal Reserve Chairman in 1987, a job he has held ever since. Perhaps the most interesting details presented here are Greenspan's early involvement with Ayn Rand, his libertarian views on a limited government, and the flexibility he has maintained in his economic thought, which has allowed him to adjust to both differing market conditions and politicians. Tuccille's biography would be a useful addition to most academic and public libraries. For a more detailed look at Greenspan's years at the Fed, up to 2000, reader s should consider Bob Woodward's Maestro: Greenspan's Fed and the American Boom. —Lawrence R. Maxted, Gannon Univ. Lib., Erie, PA (Library Journal, November 1, 2002)

“…Tuccile’s book explores in some details the lives of those who have exerted their influence upon Alan Greenspan…” (City to Cities, March/April 2003)

Product Details

ISBN-13:
9780471399063
Publisher:
Wiley
Publication date:
09/02/2002
Pages:
320
Product dimensions:
0.81(w) x 9.21(h) x 6.14(d)

Meet the Author

JEROME TUCCILLE is the author of twenty books, including Trump and Rupert Murdoch. A financial writer and Vice President with a major financial firm, he has worked in the investment industry for twenty-five years. Tuccille lives near Annapolis, Maryland.

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