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Public Image Limited, or He Blind(er)ed Me with Silence

In: Money Talks

Author

Listed:
  • Geoffrey D. Klinger

    (DePauw University)

  • Jennifer Adams

    (DePauw University)

  • Kevin Howley

    (DePauw University)

Abstract

In the early 1930s, the validity of the scientific grounding for economics received a significant challenge as some of the best economic minds and models could not solve the economic conundrums created by the Great Depression. Indeed, economics was supposed to be Herbert Hoover’s forte. Still, there continues to be a countervailing belief that numbers and free markets will solve all of our problems. This chapter explores how, throughout his long tenure as chair of the Federal Reserve, Alan Greenspan leveraged this bias toward science in economics to secure the legacy of Reaganomics.

Suggested Citation

  • Geoffrey D. Klinger & Jennifer Adams & Kevin Howley, 2022. "Public Image Limited, or He Blind(er)ed Me with Silence," Springer Books, in: Money Talks, chapter 0, pages 107-129, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-00816-0_7
    DOI: 10.1007/978-3-031-00816-0_7
    as

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