Thursday, October 11, 2007

The Age of Turbulence: Adventures in a New World - Alan Greenspan

A Great Read! It's always fascinating (at least to me) when I read about how REAL decisions are made. For instance Paul Volcker taking the economy into a recession in order to control inflation - which (according to Greenspan) was the right choice, otherwise any other move would have been a short term correction and long term downturn. Great men make difficult important decisions based on long term gains regardless of short term impacts and have enough 'guts' (could use other words here) to stay the course. People who can see what needs to be done based on information at hand and understanding of impacts (everything is connected somehow) are truly amazing. This is a great reading book and full of information on how the government works and how past presidents behaved (President Ford being noted as the most normal of them all....)

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