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

Christopher Leonard, a journalist, provides an insightful behind-the-scenes account of monetary policy over the last twelve years in his book 'The Lords of Easy Money: How the Federal Reserve Broke the American Economy.' Leonard's key insight, drawn from conversations with practitioners, is that artificially cheap credit has encouraged and financed unsustainable investment booms, leading to several market crashes. However, the book contains several technical errors that specialists in monetary economics may find concerning.

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