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The Lords of Easy Money: How the Federal Reserve Broke the American Economy [Audiobook]
English | ASIN: B099CQN4LZ | 2022 |MP3 | M4B | ~10:19:00 | 294 MB Christopher Leonard, Jacques Roy (Narrator), "The Lords of Easy Money: How the Federal Reserve Broke the American Economy" The New York Times best-selling business journalist Christopher Leonard infiltrates one of America's most mysterious institutions - the Federal Reserve - to show how its policies over the past 10 years have accelerated income inequality and put our country's economic stability at risk. If you asked most people what forces led to today's unprecedented income inequality and financial crashes, no one would say the Federal Reserve. For most of its history, the Fed has enjoyed the fawning adoration of the press. When the economy grew, it was credited to the Fed. When the economy imploded in 2008, the Fed got credit for rescuing us. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, stock prices are trading far above what's justified by actual corporate profits, corporate debt in America is at an all-time high, and this debt is being traded by big banks on Wall Street, leaving them vulnerable - just as they were during the mortgage boom. Middle-class wages have barely budged in a decade, and consumers are buried under credit card debt, car loan debt, and student debt. The Lords of Easy Money tells the shocking, riveting tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This will be the first inside story of how we really got here - and why we face a frightening future.