The Lords of Easy Money: How the Federal Reserve Broke the American Economy

Good book

Absolutely fascinating account of US central bank policies over the last few decades and the distortions these policies create in the markets and society as a whole. Certainly not the conclusion of the author but many people reading this book will invariably come to the same conclusion that I did - bitcoin fixes this!

LEARN ABOUT FED AND WHO CONTROL THE MONEY IN AMERICA

This is the sort of book that you read which suddenly helps you to make sense of the world – it is properly eye opening. While everyone is looking at interest rates and price inflation, this book clearly shows why quantitative easing and asset prices are just as important, if not more so. I'm well read in economics, but this book clearly goes through how quantitative easing actually works, and importantly how it filters through the banking / finance industry. Want to know why asset prices hit record highs in the middle of a pandemic, or why income inequality has increased in the last decade? Answer - quantitative easing. However, having made it clear how central banks have been operating, you can't help but conclude that in their attempt to resolve short term problems, they have simply rolled it up in to a massive long term problem. If you read an economics book this year, I would highly recommend it is this one.

Leonard does a decent job in describing the decisions the Fed made in the free money era. I'm a professional investor, I lived through all these activities, but I still learned something. I'd prefer fewer anecdotes, more hard data, but that's not really the point of the book.

An insightful book severely compromised by Mr Leonard's frequent digressions into Trump hating, perpetuating the discredited official Coronavirus narrative and election-fraud denial, none of which are really relevant to the subject at hand. Presumably he wants to appease his patrons at The New York Times and Washington Post.

Teaches who what you probably didn’t know before

Excellent. Everyone needs to understand this topic, especially those on the left. You step through the recent history of the Fed to better understand the complex and difficult environment which has become our ever present concern. Highly recommended.

Gran libro. Perfectamente explica el roll de la FED y cómo imprimir dinero solo nos llevará de una crisis a otra sin saber qué alguna de ellas nos alejará cada vez de valores reales y creará más caos e inestabilidad social y económica. Podría ser que COVID 19 solo evidenció lo débil del sistema financiero y la distancia que se encuentra una recesión verdadera.

👍👍👍

I really enjoyed this- very engaging and does a great job explaining the real- world consequences of Fed policy as it relates to the economy. Based on my reading I’m very hopeful Kevin Warsh will bring some sanity to what in many cases wasn’t much more than a shell game

This book clearly explains how the Federal Reserve works and how a single decision there can affect global markets. The concepts are presented in simple language that anyone can understand. A must-read book for anyone interested in money, finance, and capital markets!