Alan Blinder: ‘A Monetary & Fiscal History of the United States, 1961-2021’

By Jim Leaviss

I chatted with Alan Blinder last week about his brilliant new book on US economic history.  Alan was Vice Chair of the Federal Reserve from 1994 to 1996, and also served on Bill Clinton’s Council of Economic Advisers, where he faced off against ‘real’ bond vigilantes.  He’s now an economics professor at Princeton University.  In our interview we discussed the developments in US economic policy from JFK’s ‘New Economics’, through monetarism and Volker, and to QE and the present day.  I wholeheartedly recommend the book to anyone at all interested in economic history – this is a ‘must read’ for bond investors.

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Past performance is not a guide to future performance.

Jim Leaviss

Job Title: CIO Public Fixed Income

Specialist Subjects: Macro economics and fixed interest asset allocation

Likes: Cycling, factory records, dim sum

Heroes: Brian Clough, Morrissey, Neil Armstrong

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