Table of Contents
Foreword, January 2010 v
Introduction 9
Part 1 The Stage Is Set: The History of the Fed and The Undertaker's Risk-Management Approach 19
Chapter 1 The accidental creation of a powerhouse 23
Chapter 2 Volcker's inflation-fighting crusade 35
Chapter 3 High praise for a controversial chairman 47
Chapter 4 The education, private life, and ascent of Alan Greenspan 55
Chapter 5 The principles behind the rules 71
Chapter 6 Avoiding deflationary paralysis 81
Chapter 7 Regulatory refusal 89
Chapter 8 Consumption gets out of hand 95
Part 2 Ben Bernanke and His Intimate Knowledge of the Great Depression 111
Chapter 9 Bernanke begins 115
Chapter 10 The bubble controversy 133
Chapter 11 A genuine free marketer 139
Chapter 12 A controversial governor 147
Chapter 13 The subprime crisis sets in 161
Chapter 14 A “once-in-a-generation” event 171
Chapter 15 The odd twins 183
Chapter 16 Falling like autumn leaves 193
Chapter 17 Europe collapsing 203
Chapter 18 Crisis drivers 213
Epilogue 233
Afterword, January 2010 247
Acknowledgments 265
Bibliography 267
Endnotes 280
Index 299
