The Lords of Easy Money by Christopher Leonard
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The Lords of Easy Money: How the Federal Reserve Broke the American Economy by Christopher Leonard provides an in-depth analysis of the Federal Reserve's role in shaping the U.S. economy, particularly in the aftermath of the 2008 financial crisis. Leonard explores how the Fed's policies, especially low interest rates and massive monetary expansion, created an environment of "easy money" that benefitted Wall Street and financial elites but led to economic instability for the broader population. The book examines key figures in the Federal Reserve, their decisions, and the consequences of those actions on American financial systems, wealth inequality, and economic growth. With clear insights and historical context, Leonard reveals how the Fed's pursuit of stability and growth has, paradoxically, contributed to systemic risks and economic inequality. This book is essential reading for anyone interested in understanding modern economic policies and their long-term effects on the economy.
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