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The Federal Reserve in the Trump Era: Lessons From the Life of Alan Greenspan
Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations

Monday, January 30, 2017 12:00 PM - 1:00 PM

The American economy may generate more conversation than the starting quarterback for the Dallas Cowboys. And, like the Cowboys, in economics people play attention to winning streaks. In football, it’s Dak Prescott this year; in economics, it has been Alan Greenspan for decades.

Sebastian Mallaby, The Council’s Monday, January 30, speaker is on a winning streak. He’s an author who writes best-sellers about the economy and the people involved in it.

His latest book is The Man Who Knew: The Life and Times of Alan Greenspan is the product of five years of research and unprecedented access to its subject.

The Wall Street Journal’s review declared that The Man Who Knew “is a tour de force, the story not just of Alan Greenspan's career but equally of America's economic triumphs and failures over five decades. This carefully researched and elegantly written book will be essential reading.”

The Economist just listed it in the Economics and Business section of its 2016 Books of the Year.

The success of this book follows the triumph of Mallaby’s bestseller More Money Than God: Hedge Funds and the Making of a New Elite. In that book he wrote, “Capitalism works only when institutions are forced to absorb the consequences of the risks that they take on.”

Now, he has turned to an examination of the life of Greenspan and in doing so he brings up author Ayn Rand. Greenspan met her in 1953 and her philosophy of individualism and objectivism, Mallaby wrote, gave Greenspan “structure through which to understand the world.” In a side note, the biography reveals that Rand “called him the ‘Undertaker’ for his ‘dark suits and lugubrious manner’.”

In addition to being a journalist and author, Mallaby is the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. Coincidentally, Volcker preceded Greenspan as the Fed chair.

Mallaby, a contributing columnist for The Washington Post, spent 13 years with The Economist before joining The Post staff in 1999. He has written for many publications including The Atlantic and the Financial Times.

His books include The World's Banker, an examination of the World Bank under James Wolfensohn. The New York Times named it an “Editor's Choice." His book about post-change South Africa, After Apartheid, was named a “Notable Book” by The Times.

Mallaby graduated from Oxford in 1985 with a first class degree in modern history. According to his author’s biography, he lived in Washington, D.C., for 18 years and moved to London in 2014 “where he lives with his wife, Zanny Minton Beddoes, editor-in-chief of The Economist.”


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Noon Luncheon, Book Signing & Program
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Belo Mansion & Pavilion
2101 Ross Ave.
Dallas, TX 75201
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$45 Members
$60 Non-Members
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