After The Music Stopped : The Financial Crisis, The Response, And The Work Ahead

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In the insightful and informative novel “After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead” by Alan S. Blinder, the author offers an intriguing point of view towards what factors caused the 2008 financial crisis, the ways in which the federal government acted and regulated the crisis as well as what “10 financial commandments” bankers, regulators, and market participants should be attentive of in the future. Before delving into the novel itself, let’s take a look at the author, Alan S. Blinder. Blinder is an American economist who serves at Princeton University as the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs in the Economic Department, and the Vice Chairman of the Observatory Group. In addition, Blinder was involved in government affairs when he served on President Bill Clinton’s Council of Economic Advisers from July 1993 to June 1994 as well as serving as the Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996. As Vice Chairman, he advised against raising interest rates too rapidly to slow inflation because of the delays in prior rises feeding through into the economy. In addition, Blinder advised against overlooking the short term costs in terms of unemployment that inflation-fighting could cause. In more recent years, he has focused much of his attention towards academic work in monetary policy and central banking along with writing articles for

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