Christopher Leonard Collection 2 Books Set Kochland, Lords of Easy Money
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The Lords of Easy Money: How the Federal Reserve Broke the American Economy
But the Fed also has a unique power to reshape the American economy
for the worse, which it did, fatefully, on November 4, 2010 through a
radical intervention called quantitative easing. In just a few short
years, the Fed more than quadrupled the money supply with one goal: to
encourage banks and other investors to extend more risky debt. Leaders
at the Fed knew that they were undertaking a bold experiment that
would produce few real jobs, with long-term risks that were hard to
measure. But the Fed proceeded anyway...and then found itself trapped.
Once it printed all that money, there was no way to withdraw it from
circulation. The Fed tried several times, only to see market start to
crash, at which point the Fed turned the money spigot back on. That’s
what it did when COVID hit, printing 300 years’ worth of money in two
short months....
Kochland Paperback
‘A landmark book....A massively reported deep dive into the
unparalleled corporate industrial giant Koch Industries....This
impressively researched and well-rendered book also serves as a
biography of Charles Koch, with Leonard providing an evenhanded
treatment of the tycoon. Leonard's work is on par with Steve Coll's
Private Empire and even Ida Tarbell's enduring classic The History of
the Standard Oil Company.’ Kirkus Reviews
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Christopher Leonard Collection 2 Books Set Kochland, Lords of Easy Money
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