{"id":488329,"date":"2022-01-27T13:51:11","date_gmt":"2022-01-27T13:51:11","guid":{"rendered":"http:\/\/www.radiofree.org\/?guid=4ee4b312f3d9e00fb284dced4387b6d4"},"modified":"2022-01-27T13:51:11","modified_gmt":"2022-01-27T13:51:11","slug":"the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/01\/27\/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-4\/","title":{"rendered":"\u201cThe Lords of Easy Money\u201d: How the Federal Reserve Enriched Wall Street &amp; Broke the U.S. Economy"},"content":{"rendered":"\n        <a href=\"http:\/\/www.democracynow.org\/2022\/1\/27\/federal_reserve_interest_rake_hike_march\"><img style=\"float:right; padding-left:5px;\" src=\"https:\/\/www.democracynow.org\/images\/story\/05\/61305\/w320\/SEG3-book-split.jpg\" alt=\"Seg3 book split\" \/><\/a><p>As the Federal Reserve signals it will raise interest rates in March, we talk to Christopher Leonard, author of the new book &#8220;The Lords of Easy Money,&#8221; 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. &#8220;The Fed&#8217;s policies over the last decades have stoked the world of Wall Street,&#8221; says Leonard. &#8220;It has pumped trillions of dollars into the banking system and thereby inflated these markets for stocks, for bonds. And that drives income inequality.&#8221;<\/p>\n      \n<p class=\"syndicated-attribution\"><br>\r\nThis content originally appeared on <a href=\"http:\/\/www.democracynow.org\/2022\/1\/27\/federal_reserve_interest_rake_hike_march\" >Democracy Now!<\/a> and was authored by Democracy Now!.  <br><\/p>\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.radiofree.org\/2022\/01\/27\/the-lords-of-easy-money-how-the-federal-reserve-enriched-wall-street-broke-the-u-s-economy-2\/\">Radio Free<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>As the Federal Reserve signals it will raise interest rates in March, we talk to Christopher Leonard, author of the new book &#8220;The Lords of Easy Money,&#8221; 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. &#8220;The Fed&#8217;s policies over the last decades have stoked the world of Wall Street,&#8221; says Leonard. &#8220;It has pumped trillions of dollars into the banking system and thereby inflated these markets for stocks, for bonds. And that drives income inequality.&#8221;<\/p>\n","protected":false},"author":1293,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336,27150],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/488329"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/1293"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=488329"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/488329\/revisions"}],"predecessor-version":[{"id":488330,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/488329\/revisions\/488330"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=488329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=488329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=488329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}