The hosts highlighted the book as a key resource for understanding the Federal Reserve's policies over the past decade, especially its pandemic-era asset purchases that enriched the wealthy and contributed to economic instability. Krystal Ball, Saagar Enjeti, and Marshall Kosloff recommended it and even discussed bringing the author onto the show, noting that it calmly walks through a decade of monetary policy. Their discussion emphasized how the book explains the current crisis and the risks of the Fed's actions.
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It was discussed as a resource for understanding the Federal Reserve's role in the current economic crisis, focusing on its policies from 2010-2020, which are seen as contributing to the current economic instability.
Hey breaking points, Marshall here. A lot of folks have been asking breaking points to cover the topic of inflation from budgeted rainbows. So I thought what better to speak to an expert who's been writing about the Federal Reserve and its role in the current crisis of speaking with Chris Leonard. He is the author of The Lords of Easy Money, how the Federal Reserve broke the American economy.
Well, I would say, look at the risk of being predictable, the Lords of Easy Money, this book I wrote really tries to calmly walk through the last decade of monetary policy. And obviously I think it helps explain to a large extent why we're seeing what we're seeing economically right now, what the effects have been.
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It was mentioned as a book about the unprecedented actions taken by the Federal Reserve during the COVID crisis, and that the hosts wanted to have the author on their show to discuss it.
Christopher Leonard has a new book coming out in January we should definitely have him on called the Lords of Easy Money.
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The book 'Lords of Easy Money' was referenced while discussing the Federal Reserve's policies and their impact on wealth inequality, with the book highlighting how the Fed's actions disproportionately benefit the wealthy.
as Christopher lenner details in his book lords of easy money this fed policy of scooping up massive amounts of assets overwhelmingly benefits the very top as those assets are being purchased but it creates massive risk for the entire public when they then try to unload these trillions of dollars in assets from the fed balance sheet
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Saagar mentioned it as a new book coming out in January, and the authors' insights on the Federal Reserve's unprecedented actions during the pandemic.
I just want to give credit, Christopher Leonard has a new book coming out in January we should definitely have him on, called the Lords of Easy Money.
He's got an excerpt out that breaks down some of these extraordinary actions that were taken in Fortune magazine.