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The Lords of Easy Money: How the Federal Reserve Broke the American Economy Hardcover - 2022
by Christopher Leonard
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- Title The Lords of Easy Money: How the Federal Reserve Broke the American Economy
- Author Christopher Leonard
- Binding Hardcover
- Pages 384
- Volumes 1
- Language ENG
- Publisher Simon & Schuster
- Date 2022-01-11
- Features Bibliography, Index
- ISBN 9781982166632 / 1982166630
- Weight 1.18 lbs (0.54 kg)
- Dimensions 9.21 x 6.34 x 1.22 in (23.39 x 16.10 x 3.10 cm)
-
Themes
- Chronological Period: 21st Century
- Library of Congress subjects Income distribution - United States, United States - Economic policy
- Library of Congress Catalog Number 2021042301
- Dewey Decimal Code 332.110
Media reviews
Citations
- Booklist, 12/01/2021, Page 7
- Kirkus Reviews, 12/01/2021, Page 0
- Library Journal, 01/22/2022, Page 1
- Publishers Weekly, 11/15/2021, Page 0
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The Lords of Easy Money: How the Federal Reserve Broke the American Economy
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The Lords of Easy Money: How the Federal Reserve Broke the American Economy [Hardcover] Leonard, Christopher
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Lords Of Easy Money: How The Federal Reserve Broke The American Economy
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LORDS OF EASY MONEY, CHRISTOPHER LEONARD
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Simon & Schuster. New. New 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 usBut 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 long-term risks that were hard to measure But the Fed proceeded anywayand then found itself trapped Once it printed all that money, there was no way to withdraw it from circulation The Fed tried…
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