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Title: Was blind but now I see
Review: I thought I was reasonably well educated but now see that I was clueless how the U.S. monetary system works. This book explains the stagflation, inflation, recession all the baby boomers have suffered through in their adult lives as well as the current boom. It is enlightening, if not frightening, to learn that what the Fed does, not what Congress or the President do, governs our properity, the extent to which our economy and unemployment rate is manipulated and just how little democracy is involved in the process. A course on this subject should be required reading from high school up and everyone of our political candidates, Senators and Congressmen should read this book. It is particularly timely now, given the current aspirations of the Fed to slow the American economy, whether the rest of us like it or not.
