Wall Street capitalism

By E. Ray Canterbery

Subjects: Economic Conditions, Wall street, BUSINESS & ECONOMICS, Monetary policy, Capitalism, Economic History, Board of Governors of the Federal Reserve System (U.S.), Bond market, Comparative, POLITICAL SCIENCE, Economics, Economic policy

Description: Breaking the chains of the bond market ... This book goes behind the headlines of the Wall Street Journal to unmask the "bondholding class". Insulated from criticism by a self-serving ideology, the bondholders have redefined the indicators of economic well-being decidedly in Wall Street's favor. Created out of the fiscal folly of Reaganomics, fortified by Federal Reserve officials, and patronized by the Clinton Administration, the bondholding class invented the "Goldilocks economy" (never too hot, never too cold). As this powerful class has amassed the greatest wealth in history, ordinary American.