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279:", i.e., people's motivational self-interest, is foundational to his view of creating a successful, growing economy. He discusses the rapid historical growth of the U.S. economy under market capitalism as well as its benefit to foreign adopters, albeit with persistent dis-functions. His support for market capitalism is not without criticism. This includes the anxiety often expressed within a society as "
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The second half of the book retells several major economic events (primarily within the United States) that have occurred over the past half century. It details his economic endeavors and personal observations while serving under various U.S. presidents and are often intermingled with the economic
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was largely praising of the book, describing it as "clearly written and easy to read and understand" and says that
Greenspan is "forthright in sharing his views on not only policy issues but also the personalities of many of the people with whom he worked during his time in office. His opinions
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include his refusal to veto new federal legislation, thus increasing spending with unprecedented ease. In
Greenspan's opinion, Bush's approach to dealing with the congress has been one of "conflict avoidance", and fulfilling political promises/agendas with little room for compromise or reason.
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said that it was "surprisingly frank" and often "downright entertaining". However, he gave it an overall thumbs down ("it isn’t a great memoir") due to
Greenspan's "reluctance to be as forthright and penetrating about himself as he is about others".
283:" plays out. Greenspan also decries the lack of quality public secondary education for the "masses", particularly in mathematics and the sciences, and how this problem contributes to the divergence of rich and poor within the United States.
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considered the book to be "first-rate", noting that "it engages on different levels: it is intelligent in a way that few popular books on economics manage or even try to be; and, wonder of wonders, it is a good read". The
286:"The book ends on an awkward note that the conditions that led to a substantial reduction in the inflation and interest rates in the past three decades were an accident and are not likely to be repeated. How sad."
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In
Greenspan's view, free market capitalism is the economic approach that "trumps" other forms attempted thus far in human history. His support of
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chronology of
Greenspan's life that shows readers the people and circumstances that helped shape and guide Greenspan—from hours of
506:
314:. His opinion of Clinton's governance was one which maintained "a consistent, disciplined focus on long-term economic growth".
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mostly while soaking in the bathtub, a habit he regularly employed since an accident in 1971, when he injured his back.
303:. One of his book's major themes is the "continuing struggle of successive administrations to achieve fiscal balance".
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events. The latter half of the book also includes an analysis and brief history of major global economic constructs—
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frequently run counter to his well-known
Republican political loyalties, which he also makes no effort to hide".
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Greenspan writes, " swapped principle for power; they ended up with neither...they "deserved to lose" the
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magazine. Published on
September 17, 2007, the book debuted at the top of the
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Of all the presidents with whom he worked, Greenspan praises
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369:""Collaborative Autobiography and Memoir" - Author Page"
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481:"Greenspan takes center stage in 'Age of Turbulence'"
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452:"Alan Greenspan's memoirs: The Undertaker's story"
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561:"Greenspan Book Criticizes Bush And Republicans"
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310:above all others, but also has high praise for
533:"Greenspan criticizes Bush policies in memoir"
618:"Fed's Ex-Chief Attacks Bush On Fiscal Role"
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647:"Economist's Life, Scored With Jazz Theme"
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479:Hagenbaugh, Barbara (September 17, 2007).
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531:Felsenthal, Mark (September 15, 2007).
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732:October 7, 2007 – October 14, 2007
421:"Best Sellers; Hardcover Nonfiction"
294:Greenspan's criticisms of President
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399:The American Prospect
219:The Age of Turbulence
739:My Grandfather's Son
612:Andrews, Edmund L.;
591:Benjamin M. Friedman
460:. September 20, 2007
348:Benjamin M. Friedman
281:creative destruction
709:Power to the People
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395:"The Great Enabler"
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355:References
273:Adam Smith
181:of former
177:is a 2007
485:USA Today
246:communism
231:saxophone
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250:populism
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191:Fortune
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