The Lords of Easy Money: How the Fed Broke the Economy by Christopher Leonard - Non Fiction - Paperback

Details
Condition: Brand New
Format: Paperback
ISBN: 9781668059647
Publisher: Simon & Schuster UK
Age Range: Adult / General Readership

Overview
The Lords of Easy Money is investigative journalist Christopher Leonard's account of how the Federal Reserve's monetary experiments have quietly reshaped the American economy. Tracing the Fed's use of quantitative easing from the 2008 crash through the COVID-19 pandemic, Leonard argues a policy meant to stabilise markets instead widened inequality, inflated asset bubbles, and left the financial system exposed. Told through the eyes of an insider who tried to sound the alarm, this is essential reading for understanding today's economic instability.

About the Book
Most readers assume the Federal Reserve is a quiet, technical institution far removed from everyday life. Christopher Leonard argues otherwise. Beginning in November 2010, the Fed launched an unprecedented programme of quantitative easing, pumping trillions of dollars into the financial system to spur growth after the 2008 crisis. Leonard shows how a policy intended as temporary became a semi-permanent feature of American economic life. Each time the Fed tried to withdraw support, markets wobbled and the money taps reopened, culminating in a further surge of stimulus when COVID-19 struck. Drawing on interviews, including with a dissenting Fed insider who challenged the consensus from within, Leonard builds a gripping narrative around the real-world consequences: soaring asset prices disconnected from corporate performance, record corporate debt, and a widening gap between the wealthy and everyone else. Rather than a dry policy history, the book reads as a character-driven exposé, connecting central bank decisions to stagnant wages, rising debt, and growing distrust of economic institutions.

• Written by an award-winning investigative journalist with bestselling business books to his name
• Explains complex monetary policy through accessible, character-driven storytelling
• Explores the real causes behind rising inequality and financial instability
• Covers the Fed's response to both the 2008 crisis and the COVID-19 pandemic
• Praised by leading business writers and major publications as a gripping, essential read
• Brand new paperback copy, ideal for readers of narrative non-fiction and economics

About the Author
Christopher Leonard is an American investigative journalist known for sharp, deeply researched books on business and economic power. He is the author of The Meat Racket and the New York Times bestseller Kochland, alongside The Lords of Easy Money. His journalism has appeared in The New York Times, The Wall Street Journal, Fortune, and Bloomberg Businessweek. A native of Kansas City, Missouri, Leonard graduated from the University of Missouri Journalism School and has built a reputation for turning complex financial systems into compelling, human stories.

Why You'll Love This Book
If you enjoy narrative non-fiction that makes sense of the news, this book delivers a fast-paced, human account of how central bank policy shapes everyday financial life. Ideal for fans of Michael Lewis and readers curious about inequality, debt, and the true cost of easy money.

Please Note: Cover image shown is representative of the UK edition; ISBN and edition will match this listing exactly.