“The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy

As the Federal Reserve signals it will raise interest rates in March, we talk to Christopher Leonard, author of the new book “The Lords of Easy Money,” about how the Federal Reserve broke the American economy. He details the issues with quantitative easing, a radical intervention instituted by the federal government in 2010 to encourage banks and investors to lend more risky debt to combat the recession. “The Fed’s policies over the last decades have stoked the world of Wall Street,” says Leonard. “It has pumped trillions of dollars into the banking system and thereby inflated these markets for stocks, for bonds. And that drives income inequality.”

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As the Federal Reserve signals it will raise interest rates in March, we talk to Christopher Leonard, author of the new book “The Lords of Easy Money,” about how the Federal Reserve broke the American economy. He details the issues with quantitative easing, a radical intervention instituted by the federal government in 2010 to encourage banks and investors to lend more risky debt to combat the recession. “The Fed’s policies over the last decades have stoked the world of Wall Street,” says Leonard. “It has pumped trillions of dollars into the banking system and thereby inflated these markets for stocks, for bonds. And that drives income inequality.”


This content originally appeared on Democracy Now! and was authored by Democracy Now!.

This post was originally published on Radio Free.


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Democracy Now! | radiofree.asia (2024-05-04T13:37:23+00:00) » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy. Retrieved from https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/.
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" » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy." Democracy Now! | radiofree.asia - Thursday January 27, 2022, https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/
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Democracy Now! | radiofree.asia Thursday January 27, 2022 » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy., viewed 2024-05-04T13:37:23+00:00,<https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/>
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Democracy Now! | radiofree.asia - » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy. [Internet]. [Accessed 2024-05-04T13:37:23+00:00]. Available from: https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/
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" » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy." Democracy Now! | radiofree.asia - Accessed 2024-05-04T13:37:23+00:00. https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/
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" » “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy." Democracy Now! | radiofree.asia [Online]. Available: https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/. [Accessed: 2024-05-04T13:37:23+00:00]
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» “The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy | Democracy Now! | radiofree.asia | https://radiofree.asia/2022/01/27/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4/ | 2024-05-04T13:37:23+00:00
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