The Age of Turbulence
by Alan Greenspan · first published 2007
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8HN commenters
2008–2021first – last mentioned
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The Age Of Turbulence is Alan Greenspan's incomparable reckoning with the contemporary financial world, channeled through his own experiences working in the command room of the global economy longer and with greater effect than any other single living figure. Following the arc of his remarkable life's journey through his more than eighteen-year tenure as chairman of the Federal Reserve Board to the present, in the second half of The Age of Turbulence Dr. Greenspan embarks on a magnificent tour d'horizon of the global economy. The distillation of a life's worth of wisdom and insight into an ele
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This is, however jaded it sounds, is basically correct. Read Greenspan's book (Age of Turbulence) to get it in his own words. While he was running the fed he was definitely not a libertarian. In fact, I'd argue that that you can't be a member of the fed and be a libertarian, their entire purpose…
on “The Two Flaws Of Libertarian Economics” ↗…Sterling, entertaining) ------------General Business------------ "Losing My Virginity" (Richard Branson) "King of Capital" (Steve Schwarzman, guy that started Blackrock) "Art of the Deal" (Trump) "The Age of Turbulence" (Alan Greenspan) "Barbarians at the Gate" (RJR Nabisco takeover in 80s) "Liar's Poker" (the mortgage bond) "Den of Thieves" (Milken, Boesky, the junk bond) "Conspiracy of Fools" (Enron) ------------Historical------------…
on “Entrepreneurial Habits” ↗…think works as an audiobook as well. I am a big non-fiction audio book fan and so much depends on the voice actor. I bad read can ruin the best content while Robertson Dean made Alan Greenspan's The Age of Turbulence into an enthralling adventure story.
on “Ask HN: Programming Audio Book Recommendations” ↗Former Federal Reserve Chairman Alan Greenspan details his own relationship with Ayn Rand in his book The Age of Turbulence. I don't have the book or I'd pull direct quotes. But the gist is that he had an immense respect for her and she was a meaningful influence on his life.
on “Review of Ayn Rand” ↗…The first relatively recent, nonobvious, example of hyperinflation that comes to my mind is Brazil during military dictatorship (which, yes, qualifies as a banana republic). According to Greenspan’s “Age of Turbulence,” Brazil paid for 90% of its budget with taxes and bonds like a well-run country, and printed money to cover the gap. Middle class and upper class workers got contracts with automatic inflation pay raises,…
on “Richard Stallman: We Can Do Better Than Bitcoin” ↗…him and people who wanted to fear him for that were able to hear what they wanted. The lesson here is how important it is that politicians ignore their campaign promises. In Alan Greenspan's book "The Age of Turbulence", Greenspan expresses surprise that the Bush administration wanted to follow through on the tax cuts and rebates they promised when the government was running a surplus even after that surplus was projected…
From what I remember from Greenspan's "Age of Turbulence," he mentioned that he was pleasantly surprised that the markets were able to absorb much of the shock that happened on 9/11. I believe he attributed much of that to flexibility in the markets, which…
on “Trading Shares in Milliseconds” ↗…carried out. Also from the same page: "Former U.S. Chairman of the Federal Reserve Bank Alan Greenspan gives most credit to Ludwig Erhard for Europe's economic recovery. Greenspan writes in his memoir The Age of Turbulence that Erhard's economic policies were the most important aspect of postwar Western Europe recovery, far outweighing the contributions of the Marshall Plan. He states that it was Erhard's reductions in…
on “The Japanese Soldier Who Fought WWII for 30 Years” ↗