In “After the Music Stopped,” Alan Blinder reveals the abuses that led to the financial crisis and the remedies. Today’s edition brings us to Alan Blinder’s “After the Music Stopped,” a major analysis of the financial crisis and subsequent response by central. After the Music Stopped has ratings and reviews. Alan Blinder explores in depth the role of the fed and treasury in getting the us economy out of the.
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As a result, his solutions may not be fundamental enough to cure what really ails the American economy. Hardcoverpages.
Difficult to understand explanation for the financial crisis and the follow up activity and sometimes inactivity that made the situation better or worse. Blinder does an excellent job of breaking down complicated economic and monetary policy concepts.
His recommendation that we remember history is right on.
They stoppped read the first pages, which I find excellent and fair, and then they will read what the author has to say about the stimulus and they will unjustifiably doubt the first pages. The second half of the book essentially changes gears I think adding a thoughtful analysis of what has been done, has not been done, and perhaps most importantly what should be done to prevent another such catastrophe. Want to Read Currently Reading Read.
Mar 14, Chris rated it it was amazing Shelves: You really feel alsn you were riding along with Bernanke, Paulson and Geithner as they battled the crisis. It is unthinkable to me that Summers broke more rules than Paulson, Geithner or Bernanke or that he was anywhere nearly as conflicted or involved, for that matter.
How did we ever get into such a mess? It means I can’t recommend his book to my Republican friends and family. It’s a crying shame. The book is a little dated given the publishing date of Thanks to Blinder, I am convinced that regulation can be done responsibly to allow for economic growth and responsible banking practices.
To see what your friends thought of this book, please sign up. To blame the Fed is probably disingenuous. Mar 14, Athan Tolis rated it really liked it Shelves: A stopprd imbalance was the widening income gap in the United States. Synopsis One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons.
Give and Take Adam Grant. The financial crisis was truly terrifying tje this book explores it in depth and length. He does not spare his former masters any punches. Bear executives maintained that they could have averted bankruptcy without requiring assistance, if they had been given access to the PDCF. He is a top flight economist who can communicate to non-economists. Well, that’s a little hard to summarize, first because he deals not only with causes of the crisis, the crisis itself and the longer-range policies of the Bush and Obama administration and the Bernanke Federal Reserve to heal a alaj and stppped economy.
He plausibly gives the Bush and Obama administrations a good grade for preventing the recession from being worse than it actually was, via whatever imaginative means possible. Blinder argues that the recession would be far etopped and deeper if the actions of the Federal Reserve were not made.
After the Music Stopped by Alan Blinder
Blinder reveals himself to be a Democrat, is quick to point out the partisan or personal interests of various players who weighed in on the crisis, and generally has mostly blame and a bit of credit for all ends of the spectrum, from Democratic and Republican appointees to libertarians and democratic socialists and those in between. Previous Next Share this: Jun 17, Niral rated it it was amazing. Notify me of new comments via email. This really gets us to the heart of both book and crisis.
Blinder, a Democrat, was a vice chairman of the Fed from Some of this may be true; it’s certainly become the conventional wisdom. Be the first to ask a question about After the Music Stopped.
This entry was posted on Wednesday, February 20th, at 3: It goes over the territory covered by other accounts, while bringing the crisis and recovery up to date.
Alan Blinder’s After the Music Stopped | HuffPost
After the Music Stopped is one of the best works on the history of blindee issue that I’ve read, and unlike a lot of nonfiction on blihder subject, this book didn’t seem, at least to me, to be biased. There are extensive tables to help you track the reforms. The worst did not happen. We all remember the financial meltdown. This book may be jusic lot of things but “simple” is not one of them.
He effectively covers most of the high points, though anyone who has been along for the ride can offer up topics he missed, skipped over or ignored. When it comes to the section where professor Blinder gives his ideas on what steps were needed to prevent a complete financial meltdown and a second Great Depression I feel that I must give him a “2”.
Alan Blinder is a wonderful story teller.
After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
He does not attempt to tell us if the victory was Pyrrhic or decisive. Throughout the book Blinder comes across as very informed and readers would appreciate the time he takes to explain many financial terms and systems that they would otherwise not know.
I was particularly impressed by a distinction he makes about the Fed. The end wanders akan The is the most accessible narrative I have yet to read about the crisis and it’s after sopped. The thing is the assets were far smaller than do to a seemingly never ending line of financial instruments that were created based on them.
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He and the administration arter to explain adequately what they were doing and as a result allowed the Tea Party and Republicans define issues like bailouts, deficits and austerity. With bracing clarity, Blinder shows us how the U.
The unlikely heroes of this book are George W Bush though he also helped cause the problem and Barack Obama for both of them coldly doing what was needed, who kept their heads when all about were losing theirs and who also collaborated to do what needed to be done.