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The Lords of Easy Money HARDCOVER – 2022 by Christopher Leonard

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Last updated on Jan 23, 2024 02:02:44 ESTView all revisionsView all revisions

Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Original Language
English
ISBN
1982166630
Book Title
Lords of Easy Money : How the Federal Reserve Broke the American Economy
Item Length
9in
Publisher
Simon & Schuster
Publication Year
2022
Format
Hardcover
Language
English
Item Height
1.2in
Author
Christopher Leonard
Genre
Business & Economics, Political Science
Topic
Banks & Banking, Economic History, Economic Conditions, Public Policy / Economic Policy, Money & Monetary Policy
Item Width
6in
Item Weight
20.2 Oz
Number of Pages
384 Pages

About this product

Product Information

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 long-term risks that were hard to measure. But the Fed proceeded anyway...and then found itself trapped. Once it printed all that money, there was no way to withdraw it from circulation. The Fed tried several times, only to see market start to crash, at which point the Fed turned the money spigot back on. That's what it did when COVID hit, printing 300 years' worth of money in two short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, stock prices are trading far above what's justified by actual corporate profits, corporate debt in America is at an all-time high, and this debt is being traded by big banks on Wall Street, leaving them vulnerable--just as they were during the mortgage boom. Middle-class wages have barely budged in a decade, and consumers are buried under credit card debt, car loan debt, and student debt. The Lords of Easy Money tells the shocking, riveting tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This will be the first inside story of how we really got here--and why we face a frightening future.

Product Identifiers

Publisher
Simon & Schuster
ISBN-10
1982166630
ISBN-13
9781982166632
eBay Product ID (ePID)
28050407162

Product Key Features

Book Title
Lords of Easy Money : How the Federal Reserve Broke the American Economy
Author
Christopher Leonard
Format
Hardcover
Language
English
Topic
Banks & Banking, Economic History, Economic Conditions, Public Policy / Economic Policy, Money & Monetary Policy
Publication Year
2022
Genre
Business & Economics, Political Science
Number of Pages
384 Pages

Dimensions

Item Length
9in
Item Height
1.2in
Item Width
6in
Item Weight
20.2 Oz

Additional Product Features

Lc Classification Number
Hg2563.L47 2022
Reviews
"An eye-opener. Extremely well-researched and engaging, it brings to life consequential issues that influence the current and future wellbeing of most Americans... How this journey ends has important implications not just for the United States but also globally." -- Mohamad El-Erian, New York Times bestselling author of The Only Game in Town and chief economic advisor to Allianz, "Skillfully tells the story of how, over several decades, a phalanx of economic sophisticates at the Fed have badly misunderstood the U.S. economy and often come up with policies that fail to produce the intended results." - The Wall Street Jornal
Lccn
2021-042301
Dewey Decimal
332.110973
Intended Audience
Trade
Dewey Edition
23

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  • The Workings of the Federal Reserve Bank

    The book is informative in detail about the historical operations, structure, governance and policies of the Federal Reserve Bank. This unelected Board of Governance that was bestowed/delegated by Congress has the greatest impact to US citizens lives but also to non-US citizens and governments.

    Verified purchase: YesCondition: Pre-OwnedSold by: second.sale

  • A must read

    If you are interested to know what is happening to this great nation in the hands of corporate elite and establishment ever since 1913 establishment of Federal Reserves, this is the book to read

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    Verified purchase: YesCondition: Pre-Owned