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Books > Business & Economics > Economics > Economic theory & philosophy
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The Courage to Act - A Memoir of a Crisis and Its Aftermath (Paperback)
Loot Price: R546
Discovery Miles 5 460
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The Courage to Act - A Memoir of a Crisis and Its Aftermath (Paperback)
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Loot Price R546
Discovery Miles 5 460
Expected to ship within 9 - 15 working days
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In 2006, Ben S. Bernanke was appointed chairman of the Federal
Reserve, capping a meteoric trajectory from a rural South Carolina
childhood to professorships at Stanford and Princeton, to public
service in Washington's halls of power. There would be no time to
celebrate, however-the burst of the housing bubble in 2007 set off
a domino effect that would bring the global financial system to the
brink of meltdown. In The Courage to Act, Ben Bernanke pulls back
the curtain on the tireless and ultimately successful efforts to
prevent a mass economic failure. Working with two US presidents and
two Treasury secretaries, Bernanke and his colleagues used every
Fed capability, no matter how arcane, to keep the US economy
afloat. From his arrival in Washington in 2002 and his experiences
before the crisis, to the intense days and weeks of the crisis
itself, and through the Great Recession that followed, Bernanke
gives readers an unequalled perspective on the American economy.
This narrative will reveal for the first time how the creativity
and decisiveness of a few key leaders prevented an economic
collapse of unimaginable scale. Bernanke explains the inspiration
behind the book's title, saying, "When the economic well-being of
their nation demanded a strong and creative response, my colleagues
at the Federal Reserve, policymakers and staff alike, mustered the
moral courage to do what was necessary, often in the face of bitter
criticism and condemnation. I am grateful to all of them and proud
to have been part of the global effort to contain the most
dangerous economic crisis of our time."
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