William Harold Greider|
August 6, 1936
|Education||Princeton University (B.A., 1958)|
|Known for||author of Secrets of the Temple: How the Federal Reserve Runs the Country|
|Home town||Wyoming, Ohio (suburb of Cincinnati, Ohio)|
Linda Furry Greider (m. 1961)
Harold William Greider|
Gladys (McClure) Greider
|Website||williamgreider.com (archived 2014)|
William Harold Greider (born August 6, 1936) is an American journalist and author who writes primarily about economics.
Early life and education
Greider was born in Cincinnati, Ohio on August 6, 1936 to Harold William Greider, a chemist, and Gladys (McClure) Greider, a writer, and raised in Wyoming, Ohio, a Cincinnati suburb. William Greider went on to study at Princeton University, receiving a B.A. in 1958.
Career and works
His 2009 book was Come Home, America: The Rise and Fall (And Redeeming Promise) Of Our Country. Before that he published The Soul of Capitalism: Opening Paths to a Moral Economy, which explores the basis and history of the corporation, the existence of employee-ownership as an alternative form of corporate governance, environmental issues, and how important people's contributions are to make the economy a humane one. Given its anticipation of the issues raised by the 2008 securities crisis, Occupy Wall St., and works with a similar theme by Gar Alperovitz, Richard Wolff, Michael Moore, Noreena Hertz, and Marjorie Kelly, it can be considered an underrecognized work. He is national affairs correspondent for The Nation, a liberal political weekly. Prior to his work at The Nation, he wrote for Rolling Stone magazine during the 1980s and 1990s, and worked as an on-air correspondent for Frontline on PBS.
Greider also wrote a book on globalization – One World, Ready or Not: The Manic Logic of Global Capitalism (1997) – which suggested vulnerabilities and inequities of the global economy. The credibility of this work was heavily criticized by economist Paul Krugman, who claimed that Greider ignored the fallacies of composition that run rampant in the work, misinterpreted facts (some of which were incorrect), and misled readers with false assumptions – all possibly due to his lack of consultation with economists.
Greider's most well-known, powerful and far-reaching work is Secrets of the Temple: How the Federal Reserve Runs the Country (1987), which chronicles the history of the Federal Reserve, and especially from 1979 to 1987 under the chairmanship of Paul Volcker, during the presidencies of Jimmy Carter and Ronald Reagan.
A former reporter and editor at the Washington Post, Greider is credited with coining the term "Nader's Raiders" in a Post article dated November 13, 1968. During an October 1, 2008 broadcast interview on the impending passage of the "Wall Street bailout" despite widespread public opposition. Greider observed:
- "(T)his is a very revealing moment in American democracy. We’re seeing the real deformities and power alignments that govern issues like this, particularly the financial system. (A)ll of the power centers in politics and finance and business are discredited by these events. (W)e had this moment Monday (September 29, 2008) when, for complicated political reasons, a majority in the House rose up and said no. (O)f course...the broad public...regards this bailout as a swindle and backwards. (The public wonders 'w)hy are you giving all this money to the people who caused this crisis and taking the money from the public assets of the victims?'"
- "I’ve been writing for some months, the system is not just broken and not just injured; it is collapsed. And as long as the government continues to play putting Humpty Dumpty back together again, I think it will fail. That's not an ideological statement. It's just—I think it's the reality."
William Greider is married to Linda Furry Greider and they have two children. They reside in Washington, D.C.
- The R.E.M. song "Departure" on the album New Adventures in Hi-Fi contains the lyric "Win a eulogy from William Greider".
- The Education of David Stockman and Other Americans, Dutton (New York, NY), 1982.
- Secrets of the Temple: How the Federal Reserve Runs the Country, Simon & Schuster (New York, NY), 1987.
- The Trouble with Money: A Prescription for America's Financial Fever, illustrated by Jeffrey Smith, with photographs by George Lange and charts by Genigraphics Corp., Whittle Direct Books (Knoxville, TN), 1989.
- Who Will Tell the People?: The Betrayal of American Democracy, Simon & Schuster (New York, NY), 1992.
- One World, Ready or Not: The Manic Logic of Global Capitalism, Simon & Schuster (New York, NY), 1997.
- Fortress America: The American Military and the Consequences of Peace, PublicAffairs, 1998.
- The Soul of Capitalism: Opening Paths to a Moral Economy, Simon & Schuster (New York, NY), 2003.
- "Bio: William Greider", encyclopedia.com
- "A moment with ... William Greider '58", Princeton Alumni Weekly, May 13, 2009. Retrieved 2015-08-06.
- "William Greider: National Affairs Correspondent", The Nation. Retrieved 2015-08-06.
- Hertz, Noreena, "Hertz – From Gucci to Co-op Capitalism", The Daily Beast excerpt via noreena.com, February 23rd, 2009. Retrieved 2016-03-02.
- "Owning Our Future: The Emerging Ownership Revolution", marjoriekelly.com book page, no date. Retrieved 2016-03-02.
- About William Greider, williamgreider.com.
- The Accidental Theorist – By Paul Krugman
- "History of the Center for Responsive Law", csrl.org, no date. Retrieved 2016-03-02.
- As Senate Prepares to Vote on Revised Wall St. Bailout, Critics See Only Slight Changes Following Widespread Public Opposition
- "The Center Is Missing", democruptcy.com.'
- Greider, William, interviewed by Amy Goodman (transcript), "Economic Stimulus Moves to Senate Following House Approval", democracynow.org, January 29, 2009. Retrieved 2016-03-02.
- Official website (archived 2014)
- Mortgage Meltdown
- Democracy Now!
- A film clip "The Open Mind – "The Education of David Stockman" (1982)" is available at the Internet Archive
- Appearances on C-SPAN