Public Affairs & Administration Books

The Case Against the Fed

Murray N. Rothbard

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Subjects -> Business & Investing -> Economics -> Economic Policy & Development
Subjects -> Business & Investing -> Industries & Professions -> Banks & Banking
Subjects -> Business & Investing -> General

Customer Reviews:
Total reviews: 37 Average rating: 4.5 of 5

Bewildering Case Against the Fed 2 out of 5 stars.
9 of 22 people found this review helpful.

Recently I read a book by Ron Paul and in a review I questioned some of his criticisms of the Federal Reserve. It's not that I'm some kind of defender of the Federal Reserve it's just that his alternative (having Congress in charge of monetary policy) seemed horrifying. Some folks politely urged me to do some further research on the subject suggesting this book so I've done my due diligence and read it.

There is a reoccurring theme when I speak to or read material from self described Libertarians. Apparently the Federal Reserve is a very devious organization that illegally counterfeits money. Counterfeiting is one of the most repeated charges I've heard leveled against the Federal Reserve and it never really made sense to me so I looked up the words definition in the American Heritage Dictionary. Counterfeiting is defined as, "To make a copy of, usually with the intent to defraud; forge". Other definitions said basically the same thing. Is U.S. currency a fraud or forgery given the fact that it is printed with the permission of the Federal government? The accusation seems baseless and bizarre. Since this is one of the primary legs of Mr. Rothbard's argument it leads me to question his entire case.

The main crux of the author's argument, if I understand it correctly, is that the Federal Reserve was created by and for the protection of United States banks to allow them to reap profits above and beyond what would naturally be possible. By going off the gold standard and allowing the Federal Reserve to create money out of thin air, inflation is driven up. The author writes, "The gold standard no longer servers as any kind of check upon the Central Bank's expansion of its credit" but I'm not even sure how the gold standard operated as a speed bump. Is it because it's a finite resource?

Much of the rest of the book is nothing more than a history of how the central bank was initially pushed in the United States. The author lists all the players involved and I do mean ALL the players. Page after page lists name after name until I became dizzy. I guess it's all supposed to sound very conspiratorial but it grew tiresome. His point was that the central bank was created at the behest of wealthy bankers. Is this shocking? I'm not sure. Unless I'm mistaken it WAS created to protect the integrity of banks to ensure customer confidence. Considering the book is a mere 151 pages this lengthy section seemed to be completely superfluous filler. This was the section that dragged the book down to two stars for me.

So in the end the author suggests abolishing the Federal Reserve, liquidating its assets and going back on the gold standard. Somehow I feel as if I'm missing some salient point. Hard currency has become rather quaint in this day and age. Well over 90% of my purchases are done without physical cash ever changing hands. It seems that just about anyone can create money out of thin air by purchasing using credit. I will agree that many of the regulating agencies in our country are set up more to lock out competition than to regulate industry but there seems to be no lack of banks. If the authors point was that the FDIC causes banks to engage in risky behavior I'm not sure that that's true either. I really have to question whether the advocates of returning to the gold standard and abolishing the Federal Reserve actually understand the ramifications or if it just feels good to get rid of a powerful institution. Getting rid of institutions seems to be one of the great pleasures of Libertarians with the Federal Reserve joining the IRS and the public school systems as primary targets. Seems like a bad idea to me but what do I know.

Editorial Review:

The most powerful case against the American central bank ever written. This work begins with a mini-treatment of money and banking theory, and then plunges right in with the real history of the Federal Reserve System. Rothbard covers the struggle between competing elites and how they converged with the Fed.

Rothbard calls for the abolition of the central bank and a restoration of the gold standard. His popular treatment incorporates the best and most up-to-date scholarship on the Fed's origins and effects.

Sleeping with the Devil: How Washington Sold Our Soul for Saudi Crude

Robert Baer

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Total reviews: 128 Average rating: 4.5 of 5

Editorial Review:

According to Robert Baer, the center of the global economy is a "kingdom built on thievery, one that nurtures terrorism, destroys any possibility of a middle class based on property rights, and promotes slavery and prostitution." This kingdom also sits on one quarter of the world's oil reserves, thus ensuring that it receives the full support and protection of the U.S. government. Sleeping With the Devil details the hypocritical and corrupt relationship between the U.S. and Saudi Arabia and the potentially calamitous economic consequences of maintaining this Faustian bargain.

As Baer makes clear, the U.S. has been aware of problems within the bitterly divided Al Sa'ud family for years, but has ignored the facts in order to keep lucrative business deals afloat. (The amount of money the royal family spends to influence powerful American politicians and lobbyists is staggering.) Particularly damning are his details regarding Saudi Arabia's support of militant Islamic groups, including al Qaeda. The ruling family funnels millions of dollars to such groups in order to dissuade them from overthrowing the monarchy--a protection scheme that is shaky at best, given the hatred most citizens feel for the ruling family. To prevent economic disaster that could come from either a local uprising or an interruption in the flow of oil due to terrorism, Baer raises the possibility of the U.S. seizing the Saudi oil fields and forcing a regime change on its own terms: "An invasion and a revolution might be the only things that can save the industrial West from a prolonged, wrenching depression," he warns.

Baer spent 21 years with the CIA, much of it in the Middle East, so he is an informed guide to this complex subject. His alarming book deserves to be read for raising many important and troubling questions. --Shawn Carkonen

Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil

Michael C. Ruppert

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Subjects -> History -> Americas -> United States -> 20th Century -> General
Subjects -> Nonfiction -> Current Events -> September 11
Subjects -> Nonfiction -> Current Events -> Terrorism

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Total reviews: 184 Average rating: 4.5 of 5

Editorial Review:

The attacks of September 11, 2001 were accomplished through an amazing orchestration of logistics and personnel. Crossing the Rubicon discovers and identifies key suspects - finding some of them in the highest echelons of American government - by showing how they acted in concert to guarantee that the attacks produced the desired result.

Crossing the Rubicon is unique not only for its case-breaking examination of 9/11, but for the breadth and depth of its world picture - an interdisciplinary analysis of petroleum, geopolitics, narco-traffic, intelligence and militarism - without which 9/11 cannot be understood.

The US manufacturing sector has been mostly replaced by speculation on financial data whose underlying economic reality is a dark secret. Hundreds of billions of dollars in laundered drug money flow through Wall Street each year from opium and coca fields maintained by CIA-sponsored warlords and US-backed covert paramilitary violence. America's global dominance depends on a continually turning mill of guns, drugs, oil and money. Oil and natural gas - the fuels that make economic growth possible - are subsidized by American military force and foreign lending.

In reality, 9/11 and the resulting "War on Terror" are parts of a massive authoritarian response to an emerging economic crisis of unprecedented scale. Peak Oil - the beginning of the end for our industrial civilization - is driving the elites of American power to implement unthinkably draconian measures of repression, warfare and population control. Crossing the Rubicon is more than a story. It is a map of the perilous terrain through which, together and alone, we are all now making our way.

Comeback: Conservatism That Can Win Again

David Frum

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Subjects -> Nonfiction -> Government -> Public Affairs & Administration
Subjects -> Nonfiction -> Politics -> Political Parties

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Total reviews: 15 Average rating: 3.5 of 5

Editorial Review:

At a moment of crisis and pessimism for American conservatives, David Frum offers fresh ideas—and fresh hope.

Not in a generation has conservatism been in as much trouble as it is at the end of the Bush years. A majority of Americans say the country is “on the wrong track.” Voters prefer Democrats over Republicans on almost every issue, including taxes. The married, the middle-class, the native-born are dwindling as a share of the population, while Democratic blocs are rising. A generation of young people has turned its back on the Republican party.

Too many conservatives and Republicans have shut their eyes to negative trends. David Frum offers answers.

Frum says that the ideas that won elections for conservatives in the 1980s have done their job. Republicans can no longer win elections on taxes, guns, and promises to restore traditional values. It’s time now for a new approach, including:

A conservative commitment to make private-sector health insurance available to every American
Lower taxes on savings and investment financed by higher taxes on energy and pollution
Federal policies to encourage larger families
Major reductions in unskilled immigration
A genuinely compassionate conservatism, including a conservative campaign for prison reform and government action against the public health disaster of obesity
A new conservative environmentalism that promotes nuclear power in place of coal and oil
Higher ethical standards inside the conservative movement and the Republican party
A renewed commitment to expand and rebuild the armed forces of the United States—to crush terrorism—and get ready for the coming challenge from China

Frum’s previous bestselling books have earned accolades for their courage and creativity from liberals and conservatives alike. Today, with the conservative movement and the Republican Party facing their greatest danger since Watergate, Frum has again stepped forward with new ideas to take conservatism—and America—into a new century of greatness.

Furious Improvisation: How the WPA and a Cast of Thousands Made High Art out of Desperate Times

Susan Quinn

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Subjects -> Arts & Photography -> Performing Arts -> Theater -> History & Criticism
Subjects -> Entertainment -> General AAS
Subjects -> History -> Americas -> United States -> 20th Century -> Depression

Customer Reviews:
Total reviews: 6 Average rating: 5.0 of 5

Editorial Review:

A vivid portrait of the turbulent 1930s and the Roosevelt administration as seen through the WPA’s Federal Theater Project.Under the direction of a five-foot redheaded firecracker, Hallie Flanagan, the Federal Theater Project managed to turn a WPA relief program into a platform for some of the most inventive and cutting-edge theater of its time. This daring experiment by the U.S. government in support of the arts electrified audiences with exciting, controversial productions. Plays like Voodoo Macbeth and The Cradle Will Rock stirred up politicians by defying segregation and putting the spotlight on social injustice, and the FT P starred some of the greatest figures in twentieth-century American arts—including Orson Welles, John Houseman, and Sinclair Lewis. Susan Quinn brings to life the politics of this desperate era when FDR, Eleanor Roosevelt, and the chain-smoking idealist Harry Hopkins furiously improvised programs to get millions of hungry, unemployed people back to work. Quinn’s compelling story of politics and idealism reaches a dramatic climax with the rise of Martin Dies and the House Un-American Activities Committee, which turned the FTP into the first victim of a Red scare that would roil the nation for the next twenty years.

Policy Paradox: The Art of Political Decision Making, Revised Edition

Deborah Stone

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Customer Reviews:
Total reviews: 11 Average rating: 4.5 of 5

A provocative and rewarding examination of policy making 5 out of 5 stars.
8 of 8 people found this review helpful.

Deborah Stone's "Policy Paradox" is an important work in the field of policy analysis. The subtitle is illuminating: "The Art of Political Decision Making." Her takeoff point is the following statement (pages x-xi): "This new field of policy analysis supposedly devoted to improving governance, was based on a profound disgust for the ambiguities and paradoxes of politics. . . . In rational analysis, everything has one and only one meaning." In her own words, she (page xi) ". . .wrote this book to critique the field and to capture, I hope, a more inspiring and humane kind of policy analysis."

Her basic point is that the rational models drawn from economics do not explain very well how policy analysis works. Nor, in her view, should it be the actual model for decision making. She contends that economic rationality often gives way to political reality, to accommodation to conflicting interests, to compromise, to values other than economic efficiency (such as liberty, fairness, and so on).

The introduction opens the book strongly, with Stone noting policy paradoxes, where the economic rational model does not prevail and explain how things work. She argues (page 13) that "each type of policy instrument [e.g., inducements, rules, rights, for example] is a kind of sports arena, each with its peculiar ground rules, within which political conflicts are continued." The first chapter continues the theme, by speaking of the market (economics) and the polis (politics), with a nice table summarizing key points on page 33). She concludes that (page 34) "Problems in the polis are never `solved' in the way that economic needs are met in the market model." Two different realms, and what works in the market may or may not work in the polis.

The book proceeds in three major sections: Part II focuses on broad goals (e.g., equity, efficiency, security, liberty); Part III examines problems (with chapters labeled as follows: symbols, numbers, causes, interests, decisions); Part IV focuses on solutions (or tools or instruments, such as inducements, rules, facts).

In the end, the book examines nicely the tensions between economic rational analysis of policy ideas and the messier but inescapable political process as it addresses policy issues. The reader will be provoked to think about important issues upon encountering Stone's perspective. A very useful work on the bigger picture of policy analysis.

Editorial Review:

"Policy Paradox" integrates case studies and theory with clear critical analysis. Through a rich and complex model, this revised edition continues to show how real-world policy grows out of differing ideals, and even definitions, of such basic societal goals as security, equality and liberty.

Strategic Planning for Public and Nonprofit Organizations: A Guide to Strengthening and Sustaining Organizational Achievement, 3rd Edition

John M. Bryson

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Subjects -> Business & Investing -> Management & Leadership -> Management
Subjects -> Business & Investing -> Management & Leadership -> Systems & Planning

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Total reviews: 14 Average rating: 4.0 of 5

Editorial Review:

When it was first published more than sixteen years ago, John Bryson's Strategic Planning for Public and Nonprofit Organizations introduced a new and thoughtful strategic planning model. Since then it has become the standard reference in the field. In this completely revised third edition, Bryson updates his perennial bestseller to help today’s leaders enhance organizational effectiveness. This new edition:

• Features the Strategy Change Cycle—a proven planning process used by a large number of organizations
• Offers detailed guidance on implementing the planning process and includes specific tools and techniques to make the process work in any organization
• Introduces new material on creating public value, stakeholder analysis, strategy mapping, balanced scorecards, collaboration, and more
• Includes information about the organizational designs that will encourage strategic thought and action throughout the entire organization
• Contains a wealth of updated examples and cases

Born in the USA: How a Broken Maternity System Must Be Fixed to Put Women and Children First

Marsden Wagner

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Subjects -> Medicine -> Administration & Policy -> Health Care Delivery
Subjects -> Medicine -> Administration & Policy -> Public Health
Subjects -> Medicine -> General

Customer Reviews:
Total reviews: 32 Average rating: 4.5 of 5

Editorial Review:

In this rare, behind-the-scenes look at what goes on in hospitals across the country, a longtime medical insider and international authority on childbirth assesses the flawed American maternity care system, powerfully demonstrating how it fails to deliver safe, effective care for both mothers and babies. Written for mothers and fathers, obstetricians, nurses, midwives, scientists, insurance professionals, and anyone contemplating having a child, this passionate exposé documents how, in the most expensive maternity care system in the world, women have lost control over childbirth and what the disturbing results of this phenomenon have been. Born in the USA examines issues including midwifery and the safety of out-of-hospital birth, how the process of becoming a doctor can adversely affect both practitioners and their patients, and why there has been a rise in the use of risky but doctor-friendly interventions, including the use of Cytotec, a drug that has not been approved by the FDA for pregnant women. Most importantly, this gripping investigation, supported by many troubling personal stories, explores how women can reclaim the childbirth experience for the betterment of themselves and their children.
Born in the USA tells:
* Why women are 70% more likely to die in childbirth in America than in Europe
* What motivates obstetricians to use dangerous and unnecessary drugs and procedures
* How the present malpractice crisis has been aggravated by the fear of accountability
* Why procedures such as cesarean section and birth inductions are so readily used

Soft Power: The Means To Success In World Politics

Jr., Joseph S. Nye

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Subjects -> Nonfiction -> Politics -> Globalization
Subjects -> Nonfiction -> Politics -> International -> Relations

Customer Reviews:
Total reviews: 13 Average rating: 3.5 of 5

Editorial Review:

Now in paperback, Joseph Nye's "indispensable" guide to reshaping America's role in the world (Publishers Weekly)

Joseph Nye coined the term "soft power" to describe a nation's ability to attract and persuade. Whereas hard power-the ability to coerce-grows out of a country's military or economic might, soft power arises from the attractiveness of its culture, political ideals, and policies. Hard power remains crucial in a world of states trying to guard their independence and of non-state groups willing to turn to violence. But as a new administration-whether Republican or Democrat-maps out its foreign policy, Nye emphasizes the importance of husbanding our military power and nurturing our soft power. It is soft power that will help prevent terrorists from recruiting supporters from among the moderate majority. And it is soft power that will help the United States deal with critical global issues that require multilateral cooperation. America needs to move in a new direction. Isn't it time that we listened to the guidance of one of our foremost foreign policy experts and put his ideas into action?

Balanced Scorecard: Step-by-Step for Government and Nonprofit Agencies

Paul R. Niven

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Customer Reviews:
Total reviews: 8 Average rating: 5.0 of 5

Great discussion of what is really a side topic to Balanced Scorecards 5 out of 5 stars.
3 of 4 people found this review helpful.

Balanced Scorecards make lots of sense for the For-Profit world for which they were originally developed. What makes this book so good is that they have concentrated on what makes Non-Profits different and how to conceptualize how the BC works in that arena. The book is well written and easy to understand. It is a must for all non-profit execs.

Church Ministry Aid 5 out of 5 stars.
3 of 5 people found this review helpful.

Very helpful approach in developing a measuring tool for monitoring ministry growth and tracking to Vision.

How to tweak the standard model Balanced Scorecard for nonprofit and government organizations 5 out of 5 stars.
1 of 1 people found this review helpful.

Managers face competing interests in running a company. Their compensation programs are set to try and focus their performance, but if it is only set on revenue the company might end up losing money while paying the top executives big performance bonuses. If it is on net income, they can manipulate the accounting by cutting the heart out of future business, again, damaging the company while getting a big paycheck. If you put them on straight salary, you won't be able to hire most of the best talent. So, what do you do?

The Balanced Scorecard was originally created in the private sector to create management goals that, yes, balance a variety of factors. You use historical and industry data as well as current performance metrics. The interests of shareholders and stakeholders are also balanced in some way, as are any other combination of factors that can help managers get a better picture of what matters to the success of the company and the benefit of its owners, its employees, and its stakeholders.

This book takes this tool and shows you how to adapt it to public sector entities and nonprofit agencies. Paul Niven draws on his years of experience and shows you how to tweak the model and use it to increase your organization's effectiveness. He also takes us through the success story of Charlotte, North Carolina.

If you are interested in this model and are a governmental agency or a nonprofit organization, this is a fine resource.

Reviewed by Craig Matteson, Ann Arbor, MI

Editorial Review:

This book provides an easy-to-follow roadmap for successfully implementing the Balanced Scorecard methodology in small- and medium-sized companies. Building on the success of the first edition, the Second Edition includes new cases based on the author's experience implementing the balanced scorecard at government and nonprofit agencies. It is a must-read for any organization interested in achieving breakthrough results.