Friday, August 21, 2009
In Fed We Trust
I read recently a new book on the Federal Reserve and its handling of the recent financial and economic crisis. The author, David Wessel, is economics editor of the Wall Street Journal. The book is In Fed We Trust: Ben Bernanke's War on the Great Panic. It is the best book I have read relating to the crisis. While it's focus is narrow, it is thorough and the economics in it are good. So many of the books that have come out focus on greed and are sensationalistic. This book is not sensationalistic, but is a sensational read. I highly recommend it.