William Greider, a prominent political journalist and author, has been a reporter for more than 35 years for newspapers, magazines and television. Over the past two decades, he has persistently challenged mainstream thinking on economics.
For 17 years Greider was the National Affairs Editor at Rolling Stone magazine, where his investigation of the defense establishment began. He is a former assistant managing editor at the Washington Post, where he worked for fifteen years as a national correspondent, editor and columnist. While at the Post, he broke the story of how David Stockman, Ronald Reagan's budget director, grew disillusioned with supply-side economics and the budget deficits that policy caused, which still burden the American economy.
He is the author of the national bestsellers One World, Ready or Not, Secrets of the Temple and Who Will Tell The People. In the award-winning Secrets of the Temple, he offered a critique of the Federal Reserve system. Greider has also served as a correspondent for six Frontline documentaries on PBS, including "Return to Beirut," which won an Emmy in 1985.
Greider's most recent book is The Soul of Capitalism: Opening Paths to A Moral Economy. In it, he untangles the systemic mysteries of American capitalism, details its destructive collisions with society and demonstrates how people can achieve decisive influence to reform the system's structure and operating values.
Raised in Wyoming, Ohio, a suburb of Cincinnati, he graduated from Princeton University in 1958. He currently lives in Washington, DC.
When the Democratic Party fails to use government’s extensive powers to reverse economic disorder, it must be the end of the line for the governing ideology inherited from Roosevelt, Truman and Johnson.
The payroll tax cut sounds attractive, but the consequences could prove deadly for the federal government's most popular program.
The Fed will purchase a massive number of Treasury bonds. That should prevent deflation—but it won't do enough for consumers.
To restore economic stability, the US must rethink its approach to domestic manufacturing.
Some free advice for President Obama: take a deep breath, admit the Democratic Party has failed to grasp the enormity of economic upheaval in this country—and start using government's powers to create jobs, jobs, jobs.
Everyone knows that Obama wants to whack Social Security benefits to lure Republicans into a deal on raising taxes. In that case, keep Alan Simpson on the commission on reducing the federal deficit—his tasteless zingers are doing more harm than good.
As Elizabeth Warren’s devastating Congressional report reveals, the Federal Reserve used taxpayer money to bail out the insurance giant, instead of forcing the major banks to clean up the mess they helped create.
Members of the Fed have started warning that full-blown monetary deflation may be coming. That, not the deficit, could really put the US economy in ruin.
This is not the end of reform; it's the beginning of a promising struggle to cut the financial sector down to tolerable dimensions and reduced power.