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

Good book

LEARN ABOUT FED AND WHO CONTROL THE MONEY IN AMERICA

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!

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

Most people tend to blame the politician du jour for economic problems without realizing how much this unelected committee, and really one person, affects their economic life. The author does a really good job of pulling back the curtain on how the Fed works, their effect on American economic life, their intentionally opaque communication to the public, and how their power comes from being unnoticed and not understood. This book confirmed a lot of what I came to think of the Fed’s work over the years and connected even more dots. Spoiler alert: it was even worse than I thought. It is an easy, interesting read and well researched. From the little I know about the author I was initially concerned if he was left of center and if this would taint the book but that really did not come into play much with this subject.

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.

👍👍👍

Interesting book , if you want to know how money created

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!