GREENSPAN'S FRAUD

The Two Faces of Alan Greenspan * The Social Security Fraud * Greenomics: Free Profits Define Free Markets * Greenspan's Intellectual Fraud * Greenspan and the Globe * What Causes a Stock Market Bubble and Its Crash? * The Income Tax Rate and Our Living Standard * Does the Minimum Wage Create Unemployment? * Greenspan and the Galloping Trade Deficit * The Legacy of Greenomics * Economic Reform

Ravi Batra

'Here, finally, is the dark truth about Alan Greenspan. In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperilled the world economy. Greenspan's Fraud is a terrifying book.' - David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead'Ravi Batra is one of the world's most controversial economists. Beneath the surface of his often contentious conclusions lies a deeper source of thecontroversy. He does not accept one of the most fundamental fallacies of modern macroeconomic theory - the assumption that macroeconomic policy has no distribution effects. Many macroeconomic models contain only per capita variables, whether or not based upon the representative agent aradigm. Professor Batra turns this oversimplifying assumption upside down, by making the higher order moments of central importance. Whether or not we agree with his policy conclusions, we cannot and should not ignore him as acounterweight to the profession's tendency to assume away the distribution effects of policy.' - William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Editor, Macroeconomic DynamicsPraise for Ravi Batra's Other Books:'Dr. Batra writes about his subject as clearly as if he were telling bedtime stories.' - Christopher Lehmann-Haupt, New York Times'Batra has set the standard for economic analysis...Think about it. Before Batra, who ever heard of phrases like 'jobless recovery,' 'contained depression,' and 'deflationary boom.'' - John Liscio, Barron's'When it comes to the bottom line so beloved of economists, one can learn a lot about events by thinking about them in cyclical regularities, of which Batra gives a novel and brilliant exposition.' - Lester C. Thurow, Professor, MIT'Batra [is] a scholar who has earned a considerable reputation as an expert on trade.' - Albert Crenshaw,