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The Lords of easy money [eBook - NC Digital Library] : how the Federal Reserve broke the American economy by Leonard, Christopher, 1975- author is a history book available to read on EtoBox.

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The Wall Street Journal Best Book of the Year NEW YORK TIMES BESTSELLER The New York Times bestselling business journalist Christopher Leonard infiltrates one of America's most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten years have accelerated income inequality and put our country's economic stability at risk. If you asked most people what forces led to today's unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. But the Fed also has a unique power to reshape the American economy for the worse, which it did, fatefully, on November 4, 2010 through a radical intervention called quantitative easing. In just a few short years, the Fed more than quadrupled the money supply with one goal: to encourage banks and other investors to extend more risky debt. Leaders at the Fed knew that they were undertaking a bold experiment that would produce few real jobs, with

Who reads The Lords of easy money [eBook - NC Digital Library] : how the Federal Reserve broke the American economy?

Author

Leonard, Christopher, 1975- author

Publisher

Simon et Schuster

Published

2024

Language

EN

ISBN

9781982166649

Category

history

Subjects

Business, History, Economics

Rating

4.6 / 5 (1,145 ratings)

Updated

2026-03-14