Reddit reviews The Courage to Act: A Memoir of a Crisis and Its Aftermath
We found 8 Reddit comments about The Courage to Act: A Memoir of a Crisis and Its Aftermath. Here are the top ones, ranked by their Reddit score.
An unrivaled look at the fight to save the American economy.
It's a post-mortem of the Great Recession by the chairman of the Fed and what the Reserve did to stabilize the economy. I actually haven't got around to reading it yet, but have enjoyed reading the 45 1-star reviews, 44 of which are angry unverified libertarians and/or mistakes.
thank mr bernke
A better financial history type book is the Reinhart & Rogoff one.
As long as you are building a list, let me share my to-read list after I finish reading my current book:
You should also read Piketty's book and Bernanke's book but I didn't list them since I have read them and assume you have read them too.
I tend to only read and alternate between history and econ books for my pop/non-academic reading. I've only listed the pop-econ books since I assume that's what you are after.
Has anyone else read any of the books on my list? Are some terrible? If so let me know so I can avoid them.
Read Bernanke's book, that will get you started. See the thing about the banks isn't that you are supposed to feel sorry for rich bankers. The issue is that having the banks fails would have prolonged the recession and made it much worse. We would have seen bread lines. If you want banks to behave well, then you have to regulate it properly. Hillary Clinton had a pretty good plan for regulating shadow banking on top of Dodd-Frank. This is why this sub loves Clinton so much, she had well-thought out policies which actually went to the root of the problem. Whereas, Bernie 'break up the big banks" Sanders only had populist rhetoric.
Generally social media isn't a great place to engage with politics (unless you take great care to cultivate your contacts)...
But you've got the gist. Your friends don't like him because he is a Democratic president and they aren't Democrats. He is nowhere near the worst of the Democratic presidents (even from a Republican perspective), or of presidents in general.
>Obama became president when I was in middle school , also when the recession hit. I believe Obama was left to clean up Bush's mess but I don't really know much about the whole ordeal. What happened then and how the economy is now is what I would like to learn about.
The first thing to learn is that it's not terribly helpful to speak about the economy as if the president controls it.
>What happened then and how the economy is now is what I would like to learn about.
That's an admirable goal, and can very well be the pursuit of a lifetime. But if you're just getting started, I'd recommend this book to give you a consice and compelling introduction the the issue:
https://www.amazon.com/Courage-Act-Memoir-Crisis-Aftermath/dp/039324721X
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Here, or more simply.
I haven't read it, but Bernanke's The Courage To Act, A memoir of a Crisis and its Aftermath is popular.