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　　Praise For PANDERER TO POWER
　　“We all owe a great debt to Fred Sheehan. Fred demolishes themyth of Alan Greenspan’s omniscience, while revealing the dangerouscredulity of those who set him on a pedestal above the rest of us.Panderer to Power will be invaluable in making the case for how wemight preserve our solvency and our system.”
　　Seth A. Klarman, president, Baupost Group, L.L.C.
　　“Many have written about the man who used to be called ‘Maestro.’But none has done so with such clarity of perception as FrederickSheehan. Between the covers of this timely and important book, theformer Fed chairman stands revealed as America’s own Wizard ofOz.”
　　James Grant, editor, Grant’s Interest Rate Observer

Praise For PANDERER TO POWER 
　　“We all owe a great debt to Fred Sheehan. Fred demolishes the
myth of Alan Greenspan’s omniscience, while revealing the dangerous
credulity of those who set him on a pedestal above the rest of us.
Panderer to Power will be invaluable in making the case for how we
might preserve our solvency and our system.” 
　　Seth A. Klarman, president, Baupost Group, L.L.C. 
　　“Many have written about the man who used to be called ‘Maestro.’
But none has done so with such clarity of perception as Frederick
Sheehan. Between the covers of this timely and important book, the
former Fed chairman stands revealed as America’s own Wizard of
Oz.” 
　　James Grant, editor, Grant’s Interest Rate Observer 
　　“The Fed, Greenspan’s Fed, not only supplied the whiskey for the
party, it led the charge for irresponsible behavior by essentially
telling people ‘don’t worry, be happy.’ A thorough, in-depth look
at the man who wrought so much damage on so many, this brilliant
effort by Fred Sheehan is a major step in setting the record
straight on this era.” 
　　Bill Fleckenstein, president, Fleckenstein Capital and co-author,
Greenspan’s Bubbles 
　　“Fred Sheehan vividly shows in his excellent and long overdue
account, the devastating monetary policies the Fed has pursued
under Mr. Greenspan, which have been continued by Mr. Bernanke.
After reading Panderer to Power, you will have no respect for the
U.S. Federal Reserve Board, politicians, and Wall Street.” 
　　Marc Faber, editor, Gloom, Doom and Boom Report 
　　"An important part of Sheehan's book is Greenspan’s role in
expanding this country’s monetary base far behind our means.” 
　　--Boston Business Journal, November 2009 
　　"This well written, though obviously polemic, text documents the
issues as he sees them. When read in conjunction with Greenspan’s
own biography, a picture emerges of a complex, obviously smart man
who may have been promoted to a position beyond his competence, but
was expert at covering up and obfuscation." 
　　--Troy Media, November 2009 
　　About the Book: 
　　Alan Greenspan’s 18-year stint as head of the Federal Reserve
Bank witnessed some of the most massive upward redistributions of
wealth in our nation’s history. It’s now clear that his policies
contributed greatly to the transformation of Wall Street from an
engine that financed American business to a business-destroying
machine—and that Greenspan abetted the hollowing out of the U.S.
economy by giving Wall Street and Washington everything they could
possibly want. 
　　To take the full measure of Greenspan’s culpability, we need to
look beyond the disgraced public persona and see him within the
broader sweep of his life and times. In Panderer to Power, author
Frederick J. Sheehan delivers the first in-depth, critical
biography of the man who, for nearly two decades, served as the
world’s most powerful banker. 
　　Beginning with Greenspan’s formative years as a Depression-era
kid from New York City, Sheehan traces his subject’s progress from
his days touring America as a reed man with the Henry Jerome
Orchestra in the 1940s through his emergence as one of America’s
first celebrity economists to his ascent through the ranks of power
in D.C. 
　　What emerges is a searing portrait of a shameless media hound who
ferociously promoted his image as a straight-laced numbers
cruncher, a Machiavelli whose political skills far surpassed his
skills as an economist. 
　　Drawing upon a vast array of original sources, the author leaves
little room for doubt: either the “economic genius of our time” was
oblivious to the hazards of his irresponsible policy decisions or
he knew full well what he was doing, but chose, as he had
throughout his career, to put self-interest above the public
good.

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作者简介

　　Frederick J. Sheehan is a former director of asset allocation services at John Hancock Financial Services and the coauthor of the critically acclaimed Greenspan’s Bubbles. He has written for Marc Faber’s Gloom, Boom & Doom Report, Whiskey & Gunpowder, and the Prudent Bear Web sites. He serves as an advisor to investment firms and endowments. He lives in the Boston area.

目　　录

“The Education of Alan Greenspan”- 1926-1959
“The Best Years of Our Lives” - 1950-1959
“Great Expectations” - 1959-1968
“Shuttle Diplomacy” 1968.
“Comeuppance” - 1969-1973
“Showtime” 1973-1976
“The Age of Ignorance” - 1971-1979
“House of Horrors” - 1977-1979
“Old Man in a Hurry” 1980-1983
“Gourmet Economist” 1980-1988
“Proxmire's Prophecy” 1985-1987
“The Helmsman” 1987-1989
“The Financial Economy” 1990-1994
“The American Decade” 1994-1997

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Panderer to Power ISBN=9780071615426

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