The subtitle is An Insider's Take On Why The Federal Reserve Is Bad For America and the author is Danielle DiMartino Booth (2017).
If you always thought that PhD economists at the Fed were extremely full of themselves, highly dependent on their econometric models, largely unaware of and incapable of understanding the actual events in financial markets, unable to do a re-think on theory when their forecasts and expectations turned out to be horribly wrong, and that the Fed itself suffers from regulatory capture...well, then, this book is good for you. It is an insider's look, and speaks to the fact that contrary opinions in this fourth branch of government are largely pushed aside and ignored, even as they do actually exist within pockets of the institution. Interestingly, as much as Alan Greenspan is the original sin, it does seem like each successive chairperson has been even more staunch in his/her views, and progressively more duplicitous in molding the data to fit a desired narrative. The proposal in the book is not to end the Fed, but it definitely provides more evidence that the Fed is at the heart of a system which benefits very few and creates perpetual boom/bust cycles.
