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The Age of Turbulence: Adventures in a New World book review
The Age of Turbulence: Adventures in a New World : Written by Alan Greenspan
Book Category : Biography and Memoir Books
Book Details : Publisher - The Penguin Press HC - 2007
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greenspan biography - Book Review The Age of Turbulence: Adventures in a New World by Alan Greenspan - Book Review

"The Age of Turbulence: Adventures in a New World" is a memoir by the former Chairman of the Federal Reserve, Alan Greenspan. His time as Fed Chairman lasted nearly twenty years, from 1987 through to 2006. In his autobiography he shares more about his personal life, growing up in New York, and the current condition of the global economy and where we may be heading.

In the words of the man himself, about his book, Greenspan said "After a lifetime observing how the world works as a business economist on Wall Street, it was exhilarating to be at the center of international monetary policy making. Sure, I’d been President Ford’s White House economic advisor in the mid-1970s, but nothing fully prepared me for what I faced when President Reagan nominated me Fed Chairman in June 1987. So, in the waning months of my Fed tenure, I started getting excited about having time to stand back and think about all I’d been through – the frightening stock market crash of 1987, the boom of the 1990s, the trauma of 9/11, the climactic end of the Cold War, all told, a cascade of events propelling a new world forward at warp speed."

After explaining who the real Alan Greenspan is and how he grew up, he moves on to talking about the economy and the current global challenges that are facing it. He then moves on to talk about public policy in the United States and the mistakes that the current Republican administration have made and continue to make. Greenspan has been a Republican all his life, but that didn't stop him from harshly criticizing the George W. Bush led government. He says the government abandoned fiscal discipline, increased the US budget deficit to unreasonable levels, and the Republicans deserved to lose the congressional elections in 2006.

One quote from the book quickly spread throughout all forms of media, all around the world. Greenspan says "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."

Of the six presidents Alan Greenspan worked with over the years, he says that Bill Clinton most impressed him. The Republican economist says the Democratic president had a "consistent, disciplined focus on long-term economic growth."

One could argue that the book gets too political at times, especially since the man was an economist and not a politician, but one could also argue that money and politics are close bedfellows that are difficult to separate.

The Age of Turbulence Book Quotes

  • "They (Republican party) swapped principle for power. They ended up with neither. They deserved to lose." Alan Greenspan
  • "My early training was to immerse myself in extensive detail in the workings of some small part of the world and to infer from that detail the way that segment of the world behaves. That is the process I have applied throughout my career." Alan Greenspan
  • "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Alan Greenspan

The Age of Turbulence Book Contents

  • Book Contents..


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Customer Reviews of "The Age of Turbulence: Adventures in a New World" by Alan Greenspan - Submit your review online

  • Much more interesting than I thought it would be! - Book Review submitted by "M. Genn" - 4 star book review
    Firstly, I found the Greenspan memoir much more interesting than I thought it would. Secondly, why do people in powerful positions only find a voice after they leave their position? Greenspan spoke in code to the public, until he became the FORMER Fed Chairman, and now he has suddenly learned how to speak to the public in a much clearer manner. Surely he wouldn't be flexing his media muscle just to sell more books.



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