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The most reasoned—and positive—assessment to date of the impact the Federal Reserve has on markets, investing, and American lives
One of the most controversial of all government organizations, the Federal Reserve inflames passions on both sides of the political aisle. In this response to Ron Paul’s scathing denouncement of the Fed in his book End of the Fed, one of today’s leading finance experts, Anthony Crescenzi, presents a calm, considered argument that the Fed has more often than not acted decisively for the good of the country.
Money Gods traces the history of the Fed, the role it plays in the financial system, how it formulates and implements policies, and the effect it has on the investments of Americans at large.
Anthony Crescenzi is Senior Vice President, Market Strategist, and Portfolio Manager at PIMCO. He is the author of The Strategic Bond Investor.
