# The Lords of Easy Money: How the Federal Reserve Broke the American Economy

> Investigative book on how Federal Reserve monetary policies worsened wealth inequality.

An investigative finance book by business journalist Christopher Leonard examining the Federal Reserve's decade-long quantitative easing experiment following the 2008 financial crisis. Through the perspective of dissenting Kansas City Fed president Thomas Hoenig, it details how massive money creation fueled asset bubbles and deepened income disparity. It serves as an accessible critique of central banking and modern monetary policies for readers interested in economic stability.

Website: https://simonandschuster.com/books/The-Lords-of-Easy-Money/Christopher-Leonard/9781982166649

## What it is for

- Understand how quantitative easing and low interest rates impact inflation and asset prices
- Study the internal debates and dissent within the Federal Open Market Committee
- Analyze the structural causes of post-2008 wealth inequality and financial fragility

## Features

- Detailed reporting on the Federal Reserve's decision-making process
- Chronicle of Thomas Hoenig's repeated dissenting votes against quantitative easing
- Analysis of easy-money policies from the 2008 crash through the COVID-19 pandemic
- Explanations of central bank mechanisms, debt expansion, and money creation
- Available in paperback, ebook, and unabridged audiobook formats

## Pricing

Paid. $19.99 list price for trade paperback

## Details

- Type: Article or course
- Category: [Business & Money](https://xiry.app/topics/business-money.md)
- Open source: no
- Platforms: other
- For: Investors, entrepreneurs, and readers interested in macroeconomics and central banking.
- Alternative to: The Creature from Jekyll Island, Central Banking 101
- Tags: books, economics, federal reserve, finance, quantitative easing, investing

## Why it was saved

- [@belmarwisdom, 15 July 2024](https://www.instagram.com/reel/C9cyxFYvrfc/): Explains how the Federal Reserve prints money and the impact of central bank monetary policy on the American economy.
- [@champtgram, 5 July 2024](https://www.instagram.com/reel/C9Dsv4Ox8HK/): Reveals how central banking, debt expansion, and modern monetary systems manipulate capital flows and wealth distribution.

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Updated 3 October 2026. Page: https://xiry.app/resources/the-lords-of-easy-money-how-the-federal-reserve-broke-the-am

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