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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.
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