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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.

Winner of the 2008 Christianity Today Award of Merit in Theology/Ethics

The History of God

In Discovering God, award-winning sociologist Rodney Stark presents a monumental history of the origins of the great religions from the Stone Age to the Modern Age and wrestles with the central questions of religion and belief.

From health to family to society, this informative exploration takes an evidence-based view of all the factors involved in drug use. Applying the same objective criteria to legal and illegal substances, an argument is made that legality is not a clear measure for harm. Tackling a variety of questions, such as Which is more harmful—Ecstasy or alcohol? Can addiction be cured? and Does the "War on Drugs" have serious unintended effects that can hurt children?, this analysis equips readers with the ability to make educated decisions regarding drugs both personally and in their communities. Broadening the scope of the discussion, a framework is explored for formulating national drug policies that will minimize a myriad of harms—social, medical, criminal, financial, and environmental.

NEW YORK CITY, the near future: Mitchell Zukor, a gifted young mathematician, is hired by a mysterious new financial consulting firm, FutureWorld. The business operates out of a cavernous office in the Empire State Building; Mitchell is employee number two. He is asked to calculate worst-case scenarios in the most intricate detail, and his schemes are sold to corporations to indemnify them against any future disasters. This is the cutting edge of corporate irresponsibility, and business is booming.

As Mitchell immerses himself in the mathematics of catastrophe—ecological collapse, global war, natural disasters—he becomes obsessed by a culture’s fears. Yet he also loses touch with his last connection to reality: Elsa Bruner, a friend with her own apocalyptic secret, who has started a commune in Maine. Then, just as Mitchell’s predictions reach a nightmarish crescendo, an actual worst-case scenario overtakes Manhattan. Mitchell realizes he is uniquely prepared to profit. But at what cost?

At once an all-too-plausible literary thriller, an unexpected love story, and a philosophically searching inquiry into the nature of fear, Nathaniel Rich’s Odds Against Tomorrow poses the ultimate questions of imagination and civilization. The future is not quite what it used to be.

William and Molly lead a life of small pleasures, riddles at the kitchen table, and games of string and orange peels. All around them a city rages with war. When the uprising began, William’s wife was taken, leaving him alone with their young daughter. They keep their heads down and try to remain unnoticed as police patrol the streets, enforcing a curfew and arresting citizens. But when an old friend seeks William out, claiming to know what happened to his wife, William must risk everything. He ventures out after dark, and young Molly is left to play, reconstructing his dangerous voyage, his past, and their future. An astounding portrait of fierce love within a world of random violence, The Curfew is a mesmerizing feat of literary imagination.