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  • Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America
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Fed Up: An Insider's Take on Why the Federal Reserve Is Bad for America Audible Audiobook – Unabridged

4.6 out of 5 stars 781 ratings

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An insider's unflinching expos└ of the toxic culture within the Federal Reserve.

In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors.

To her dismay, the culture at the Fed - and its leadership - were not just ignorant of the brewing financial crisis but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis - and how nobody within the Fed seems to have learned or changed from the experience.

Today the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy toward yet another collapse.

This book is Booth's clarion call for a change in the way America's most powerful financial institution is run - before it's too late.

Product details

Listening Length 9 hours and 57 minutes
Author Danielle DiMartino Booth
Narrator Danielle DiMartino Booth
Audible.ca Release Date February 14 2017
Publisher Penguin Audio
Program Type Audiobook
Version Unabridged
Language English
ASIN B072822QRM
醍狭曝 Rank

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4.6 out of 5 stars
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Customers find the book well-researched, detailed, and full of good information. They say it confirms what many have thought for a long time.

"This is a great read and confirms what many have thought for a long time...." Read more

"This is a must read...." Read more

"Well researched, very detailed and lots of good information. Rare insider look into the fed" Read more

"I just love the book. It's confirmed my worst nightmares about the social problems of class separation...." Read more

5 customers mention "Writing style"5 positive0 negative

Customers find the book well-written.

"well writen again came 2 month later than posted" Read more

"Powerfully written. Couldn't put it down. Incredible insider's view of the Fed's myopic , out of touch with reality view of the economy...." Read more

"...Brilliantly written and a must read for those concerned about debt and the financial future of our children." Read more

"Well writing book" Read more

Top reviews from Canada

  • Reviewed in Canada on February 17, 2017
    Verified Purchase
    Powerfully written. Couldn't put it down. Incredible insider's view of the Fed's myopic , out of touch with reality view of the economy. Danielle reveals the incredible internal pressure to conform with the group think ( love the group stink phrase ) within the entire Fed. 1,000 economic PH'Ds on board , and the Fed. did not see the housing melt down coming.
    Yellen is exposed as one who would not see a crisis coming if she was sitting on a broken Levee in New Orleans during Katrina.( my analogy ). Serious reform ( unfortunately highly unlikely ) of the Fed's culture is required if they are going to
    be successful in their regulatory role and anticipate/prevent/manage the next financial disaster. With Yellen in charge America will never return to normal interest rates and un-do the economic distortions ZIRP creates.
    5 people found this helpful
    Report
  • Reviewed in Canada on May 25, 2017
    Verified Purchase
    This is a great read and confirms what many have thought for a long time. This is a part of the ruling elite that nobody is aware of and yet they are able to screw us at every turn. The "pointy heads" are clueless when it comes to the people who make the world run and most would not survive in the real world for a day. It is time our elected politicians were held accountable as well as all of the unelected bureaucrats who live and wallow in the public trough.
    One person found this helpful
    Report
  • Reviewed in Canada on June 11, 2017
    Verified Purchase
    well writen
    again came 2 month later than posted
  • Reviewed in Canada on January 18, 2018
    Verified Purchase
    This is a must read. Danielle DiMartino Booth gives her readers a front row seat to the inner workings of the Federal Reserve - their successes, failures and blind spots as they look towards the future. As a Portfolio manager with 25 years in the business, I have read a million books.. this is by far and away the best one yet. Fingers crossed she's already at work to a follow up. BUY THIS BOOK, you won't regret it.
  • Reviewed in Canada on June 9, 2020
    Verified Purchase
    Well researched, very detailed and lots of good information.
    Rare insider look into the fed
  • Reviewed in Canada on June 14, 2017
    Verified Purchase
    I just love the book. It's confirmed my worst nightmares about the social problems of class separation. Brilliantly written and a must read for those concerned about debt and the financial future of our children.
    2 people found this helpful
    Report
  • Reviewed in Canada on May 19, 2020
    Verified Purchase
    Well writing book
  • Reviewed in Canada on August 7, 2017
    Verified Purchase
    Excellent! Must read: Well written using laymen's language !

Top reviews from other countries

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  • Patricia ad
    3.0 out of 5 stars Experiencias del autor
    Reviewed in Mexico on August 20, 2023
    Verified Purchase
    El autor no se explica bien
    Report
  • Jean-Paul Azam
    5.0 out of 5 stars Adieu bon sens!
    Reviewed in France on October 6, 2017
    Verified Purchase
    Ce livre est une p└pite qui permet de bien saisir comment des └conomistes acad└miques ont pris le pouvoir ┐ la banque centrale am└ricaine, avec des effets aussi d└vastateurs qu'ignor└s par les d└cideurs. L'auteure montre les d└gats inflig└s par ces PhDs des meilleures Universit└s am└ricaines qui ne quittent jamais des yeux l'└cran de leur ordinateur, sur lequel d└filent, non des nouvelles du monde, mais les pr└dictions de leurs mod┬les num└riques. Chairman Bernanke a pu ainsi garder en toute bonne conscience le cap de sa politique mon└taire qui a induement prolong└ le boum des mati┬res premi┬res et retard└ la reprise └conomique, qui ne serait peut-┷tre jamais venue sans la mise en exploitation d'immenses r└serves de gaz de shiste. Parmi les professions scientifiques, celle des └conomistes est probablement la plus machistes, et ce n'est vraiment pas une bonne nouvelle pour le commun des mortels.
  • Colin Twiggs
    4.0 out of 5 stars An inside view on a dysfunctional Fed
    Reviewed in Australia on September 30, 2021
    Verified Purchase
    The last chapter is the key to the entire book. After mapping out Fed dysfunction and regulatory capture, DDMB makes her case for how to fix it.
    If the public knew how much damage monetary policy has wrought, they would march on The Fed with torches and pitchforks.
  • Gary H.
    5.0 out of 5 stars This is a terrific book. I have managed investments for more than ...
    Reviewed in the United States on May 24, 2017
    Verified Purchase
    This is a terrific book. I have managed investments for more than 40 years so I have observed the Fed and taken note of its actions for a long time. This book pulls back the curtain and lets us see how the unelected and unaccountable people inside this opaque and mysterious institution (who think they are the wizards of smart) actually come up with the monetary policies that have so damaged our economy and the typical people who live and work and raise families across America.
    I learned more in a few hours from this book than in decades tracking M2 growth, watching from the outside, reading the Fed¨s public pronouncements, and making note of the public speeches of the Fed Chairmen (and Chairwoman) and other members of the Federal Open Market Committee.
    There is no substitute for this insider¨s view. Danielle DiMartino Booth was the right person in the right place at the right time and with the right temperament and the right talents to get an opportunity to work her way into the inner sanctum of the temple of the high priests of government monetary policy while remaining in mind and heart and spirit an outsider. She had a unique role as an advisor to the President of the Dallas Fed without being an egghead PhD economist , but a mom (with two master¨s degrees) who had known good times and bad, and who had, and has, an abundance of common sense. Besides that, she can write and tell a story.
    This book covers her time at the Fed from late in 2006 until her departure in 2015 and beyond. This book will be a challenging read if you know nothing about finance and banking. Read it anyway. You will learn a lot. If you have some knowledge of finance and banking, this book will give you new insights.
    You will learn how the game is rigged. The Fed is not really independent. It has no interest in creating a level playing field for financial firms and it is totally incompetent at one of its main jobs, supervision and regulation of the biggest financial firms.
    In the final few pages of this hard-to-put-down book, the author makes a number of recommendations for reform. I disagree on a number of them; however, they are all things that should be on the table for discussion. The best antidote for groupthink is an open debate. Read this book and prepare yourself to join in!
  • ケネディマニア
    5.0 out of 5 stars ああいやんなっちゃった
    Reviewed in Japan on May 30, 2020
    Verified Purchase
     署蛮岑紛やUYがない酷檎京のMIT竃附のUg僥鴬平器にいくら嶐瓦鰌h苧しても尖盾してもらえない。Ug僥の岑紛はあっても、gを岑らない署蛮オンチには、署蛮屓貨は販せられない。しかし、泳らは寔冲でUg胎咏をし、署蛮仏貨を別屬靴討い襦これでは署蛮裡字は指閲できない、というのがこの彭宀である。そのとおり。ああいやんなっちゃった、というところであろうか。胎囂に嶄繁參和に參て貧を御ぐべからず、というのがある。匯協のレベルに器しない宀には、それ參貧のことを擦┐討瞎睥兇ない、ということ。まだまだFRBの痴恠はAきそうである。