The Lords of Easy Money: How the Federal Reserve Broke the American Economy by Christopher Leonard - New Paperback - Business & Economics

Details Condition: Brand New Format: Paperback ISBN: 9781668059647 Publisher: Simon & Schuster UK Age Range: Adult / General Readership Overview The Lords of Easy Money is investigative journalist Christopher Leonard's account of how the Federal Reserve's monetary experiments have quietly reshaped the American economy. Tracing the Fed's use of quantitative easing from the 2008 crash through the COVID-19 pandemic, Leonard argues a policy meant to stabilise markets instead widened inequality, inflated asset bubbles, and left the financial system exposed. Told through the eyes of an insider who tried to sound the alarm, this is essential reading for understanding today's economic instability. About the Book Most readers assume the Federal Reserve is a quiet, technical institution far removed from everyday life. Christopher Leonard argues otherwise. Beginning in November 2010, the Fed launched an unprecedented programme of quantitative easing, pumping trillions of dollars into the financial system to spur growth after the 2008 crisis. Leonard shows how a policy intended as temporary became a semi-permanent feature of American economic life. Each time the Fed tried to withdraw support, markets wobbled and the money taps reopened, culminating in a further surge of stimulus when COVID-19 struck. Drawing on interviews, including with a dissenting Fed insider who challenged the consensus from within, Leonard builds a gripping narrative around the real-world consequences: soaring asset prices disconnected from corporate performance, record corporate debt, and a widening gap between the wealthy and everyone else. Rather than a dry policy history, the book reads as a character-driven exposé, connecting central bank decisions to stagnant wages, rising debt, and growing distrust of economic institutions. Written by an award-winning investigative journalist with bestselling business books to his name Explains complex monetary policy through accessible, character-driven storytellin