New Review: Greenspan's Fraud

The following is a brief excerpt from a review posted on PopandPolitics.com:

If you are living check to check like me and would like some real answers (instead of the tripe peddled by our current politicians) as to why that's the case, then you need to read “Greenspan’s Fraud” by economist Ravi Batra. When people kvetch about their lives and need someone to blame other than themselves, the President or maybe a senator or two take the brunt of people's frustrations.
After reading this book, however, it is clear to me that Federal Reserve Chairman Alan Greenspan is taking all of us working folk to the cleaners. Most lay people don’t think about the job of Fed Chairman and the role it plays in the day-to-day lives of Americans. What Batra says in his book is that Greenspan is actually just as powerful (save for control over the military) as the President and has caused exponentially more damage to our collective livelihoods.

The book accomplishes three tasks simultaneously. First, it is a biography of Alan Greenspan. Batra writes about his early life, what and who informed the policies he’s implemented over the past 30 years, and how he’s managed to become reappointed during various presidential administrations to the Federal Reserve over and over again.

The second task of the book is to teach the average reader about economics so that said reader will have a fuller understanding of how Greenspan has been fleecing him/her since he worked for Ronald Reagan. Now, I nearly failed college economics in high school. I never research or write about the economy because I can barely understand the material I’d have to write about. However, Batra uses his skills as a university professor to methodically teach the reader the minutia of macroeconomics in such a way that even an economics blockhead like myself can understand what he is driving at.

The last part of the book goes to its title, “Greenspan’s Fraud.” Batra lays out a case that shows how Greenspan purposely stole via regressive taxation from the middle class and poor, and then gave to the rich elite that guaranteed he’d continue to be Fed Chairman. (continued...)