Greider, William
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William Harold Greider (August 6, 1936 – December 25, 2019) was an American journalist and author who wrote primarily about economics.


Early life and education

Greider was born in
Cincinnati Cincinnati ( ; colloquially nicknamed Cincy) is a city in Hamilton County, Ohio, United States, and its county seat. Settled in 1788, the city is located on the northern side of the confluence of the Licking River (Kentucky), Licking and Ohio Ri ...
,
Ohio Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...
on August 6, 1936, to Harold William Greider, a chemist, and Gladys (McClure) Greider, a writer, and raised in
Wyoming, Ohio Wyoming is a city in Hamilton County, Ohio. It is a suburb of the neighboring city of Cincinnati. The population was 8,756 at the 2020 census. History Among the earliest European-American settlers in what is now Wyoming was the Pendery family, ...
, a Cincinnati suburb."Bio: William Greider"
''
encyclopedia.com ''Encyclopedia.com'' is an online encyclopedia. It aggregates information, images, and videos from other published dictionaries, encyclopedias, and reference works. History The website was launched by Infonautics in March 1998. Infonautics w ...
''
William Greider went on to study at Princeton University, receiving a B.A. in English in 1958."A moment with ... William Greider '58"
''Princeton Alumni Weekly'', May 13, 2009. Retrieved 2015-08-06.


Career and works

After college, Greider began his reporting career as a reporter for the '' Daily Journal'', a newspaper in
Wheaton, Illinois Wheaton is a city in and the county seat of DuPage County, Illinois, United States. It is located in Milton and Winfield Townships, approximately west of Chicago. As of the 2020 census, Wheaton's population was 53,970, making it the 27th-mos ...
. It was at that newspaper where he met his future wife, Linda Furry, a fellow reporter. Greider then worked for ''
The Louisville Times ''The Louisville Times'' was a newspaper that was published in Louisville, Kentucky. It was founded in 1884 by Walter N. Haldeman, as the afternoon counterpart to ''The Courier-Journal'', the dominant morning newspaper in Louisville and the common ...
'', and was sent to Washington, D.C., in 1966 to cover Washington for ''The Times'' and for the ''
Louisville Courier-Journal The ''Courier Journal'', also known as the ''Louisville Courier Journal'' (and informally ''The C-J'' or ''The Courier''), and called ''The Courier-Journal'' between November 8, 1868, and October 29, 2017, is a daily newspaper published in ...
''. He moved to ''
The Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...
'' in 1968, where he was a national correspondent, an assistant managing editor for national news, and a columnist. Greider is credited with coining the term " Nader's Raiders" in a ''Washington Post'' article dated November 13, 1968. Greider next moved to ''
Rolling Stone ''Rolling Stone'' is an American monthly magazine that focuses on music, politics, and popular culture. It was founded in San Francisco, California, in 1967 by Jann Wenner and the music critic Ralph J. Gleason. The magazine was first known fo ...
'' magazine, where he worked from 1982 until 1999. He was national affairs
correspondent A correspondent or on-the-scene reporter is usually a journalist or commentator for a magazine, or an agent who contributes reports to a newspaper, or radio or television news, or another type of company, from a remote, often distant, locati ...
for ''
The Nation ''The Nation'' is a progressive American monthly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper ...
'',"William Greider: National Affairs Correspondent"
''
The Nation ''The Nation'' is a progressive American monthly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper ...
''. Retrieved 2015-08-06.
a progressive political weekly. Prior to his work at ''The Nation'', he worked as an on-air correspondent for '' Frontline'' on
PBS The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of educat ...
. 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 Street Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, capitalism, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial ...
, and works with a similar theme by
Gar Alperovitz Gar Alperovitz (born May 5, 1936) is an American historian and political economist. Alperovitz served as a fellow of King's College, Cambridge; a founding fellow of the Harvard Institute of Politics; a founding Fellow at the Institute for Poli ...
, Richard Wolff,
Michael Moore Michael Francis Moore is an American film director, producer, screenwriter, and author. Moore's work frequently addresses various Social issue, social, political, and economic topics. He first became publicly known for his award-winning debut ...
,
Noreena Hertz Noreena Hertz (born 24 September 1967) is an English academic, economist and bestselling author, who sits on the boards of Mattel, Warner Music Group and Workhuman. She has been Honorary Professor at the UCL Institute for Global Prosperity at U ...
, and Marjorie Kelly, it can be considered an under-recognized work. 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 Paul Robin Krugman ( ; born February 28, 1953) is an American New Keynesian economics, New Keynesian economist who is the Distinguished Professor of Economics at the CUNY Graduate Center, Graduate Center of the City University of New York. He ...
, who argued 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 The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...
, and especially from 1979 to 1987 under the chairmanship of
Paul Volcker Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chair of the Federal Reserve, chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely ...
, during the presidencies of
Jimmy Carter James Earl Carter Jr. (October 1, 1924December 29, 2024) was an American politician and humanitarian who served as the 39th president of the United States from 1977 to 1981. A member of the Democratic Party (United States), Democratic Party ...
and
Ronald Reagan Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party a ...
. During an October 1, 2008, broadcast interview on the impending passage of the " Wall Street bailout" despite widespread public opposition. Greider observed: On January 29, 2009, in an interview with
Amy Goodman Amy Goodman (born April 13, 1957) is an American broadcast journalist, syndicated columnist, investigative reporter, and author. Her investigative journalism career includes coverage of the East Timor independence movement, Morocco's occupatio ...
on ''
Democracy Now! ''Democracy Now!'' is an hour-long TV, radio, and Internet news program based in Manhattan and hosted by journalists Amy Goodman (who also acts as the show's executive producer), Juan González, and Nermeen Shaikh. The show, which airs live ...
'', Greider commented regarding the United States' financial system's
financial crisis A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with Bank run#Systemic banki ...
:


Personal life

William Greider was married to Linda Furry Greider and they had two children. They resided in Washington, D.C. He died at his home in Washington from congestive heart failure on December 25, 2019.


Cultural references

* The
R.E.M. R.E.M. was an American alternative rock band formed in Athens, Georgia, in 1980 by drummer Bill Berry, guitarist Peter Buck, bassist Mike Mills, and lead vocalist Michael Stipe, who were students at the University of Georgia. One of the fir ...
song "Departure" on the album ''
New Adventures in Hi-Fi ''New Adventures in Hi-Fi'' is the tenth studio album by the United States, American alternative rock band R.E.M. It was their fifth major-label release for Warner Bros. Records, released on September 9, 1996, in Europe and Australia, and the fol ...
'' contains the lyric "Win a eulogy from William Greider".


Selected works


Books

* ''The Education of David Stockman and Other Americans'', Dutton (New York, NY), 1982. The original December 1981 Atlantic article on
Reaganomics Reaganomics (; a portmanteau of ''Reagan'' and ''economics'' attributed to Paul Harvey), or Reaganism, were the Neoliberalism, neoliberal economics, economic policies promoted by United States President, U.S. President Ronald Reagan during the ...
can be found here * ''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.


References


External links

* (archived 2014)
Mortgage Meltdown

Democracy Now!
* * {{DEFAULTSORT:Greider, William 1936 births 2019 deaths American newspaper reporters and correspondents American television reporters and correspondents American magazine staff writers American newspaper editors American economics writers American male non-fiction writers American political writers Princeton University alumni The Nation (U.S. magazine) people People from Wyoming, Ohio Writers from Cincinnati Journalists from Cincinnati Writers from Washington, D.C. The Washington Post journalists 20th-century American journalists 21st-century American journalists American male journalists 20th-century American male writers 21st-century American male writers