
The Lords of Easy Money
How the Federal Reserve Broke the American Economy
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Narrado por:
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Jacques Roy
Acerca de esta escucha
The New York Times bestseller from business journalist Christopher Leonard infiltrates one of America’s most mysterious institutions—the Federal Reserve—to show how its policies spearheaded by Chairman Jerome Powell over the past ten 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.
But here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began 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 the 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 a few short months.
Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system.
The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.
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Very old English
- De DocHoliday en 02-14-25
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Principles of Scientific Management
- De: Frederick Winslow Taylor
- Narrado por: Trevor Bond
- Duración: 3 h y 22 m
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The Principles of Scientific Management (1911) is a monograph published by Frederick Winslow Taylor (1856-1915), a manufacturing manager, mechanical engineer, and management consultant. This work laid out Taylor's views on the principles of scientific management, or industrial-era organization and decision theory. The term scientific management refers to coordinating the enterprise for everyone's benefit including increased wages for laborers, often referred to as Taylor's Principles, or Taylorism.
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So this is what the old guys talk about.
- De Raymond Bing en 02-14-24
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The Art of Self-Directed Learning
- 23 Tips for Giving Yourself an Unconventional Education
- De: Blake Boles
- Narrado por: Blake Boles
- Duración: 2 h
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The Art of Self-Directed Learning is a collection of 23 stories and insights that will help you become a more motivated and self-guided learner.
Drawing on a decade of research, adventures, and interviews conducted by Blake Boles (author of College Without High School and Better Than College), this book will inspire you to craft your own unconventional education, no matter whether you're a young adult, recent graduate, parent, or simply someone who never wants to stop learning.
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A few gems but not worth the money
- De Lannah Mason en 04-24-15
De: Blake Boles
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Fed Up
- An Insider's Take on Why the Federal Reserve Is Bad for America
- De: Danielle DiMartino Booth
- Narrado por: Danielle DiMartino Booth
- Duración: 9 h y 57 m
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In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors.
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straight forward brilliant
- De casey en 02-20-17
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Your Next Five Moves
- Master the Art of Business Strategy
- De: Patrick Bet-David
- Narrado por: Patrick Bet-David
- Duración: 8 h y 6 m
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From the creator of Valuetainment, the number-one YouTube channel for entrepreneurs, and “one of the most exciting thinkers” (Ray Dalio, author of Principles) in business today, comes a practical and effective guide for thinking more clearly and achieving your most audacious professional goals.
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Mediocre; few actionable take-aways.
- De Michael en 10-31-20
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Scientific Advertising
- De: Claude Hopkins
- Narrado por: Peter Coates
- Duración: 2 h y 3 m
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Scientific Advertising by Claude C. Hopkins is a timeless classic in the field of marketing and advertising. The book outlines Hopkins's revolutionary approach to advertising, emphasizing the importance of testing and measuring the effectiveness of advertising campaigns. Through empirical observation and data analysis, Hopkins argues that advertising should be treated as a science rather than an art, with measurable results guiding decision-making. With clear and concise language, Hopkins shares his insights into consumer psychology, emphasizing the importance of understanding the desires and motivations of potential customers.
De: Claude Hopkins
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Principles for Dealing with the Changing World Order
- Why Nations Succeed or Fail
- De: Ray Dalio
- Narrado por: Jeremy Bobb, Ray Dalio
- Duración: 16 h y 48 m
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From legendary investor Ray Dalio, author of the number-one New York Times best seller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes - and to offer practical advice on how to navigate them well.
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Ray Dalio, Chinas New Minister of Propoganda
- De Dudley en 01-04-22
De: Ray Dalio
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High Output Management
- De: Andrew S. Grove
- Narrado por: Marc Cashman
- Duración: 8 h y 2 m
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The essential skill of creating and maintaining new businesses - the art of the entrepreneur - can be summed up in a single word: managing. In High Output Management, Andrew S. Grove, former chairman and CEO (and employee number three) of Intel, shares his perspective on how to build and run a company. Born of Grove’s experiences at one of America’s leading technology companies, this legendary management book is a Silicon Valley staple, equally appropriate for sales managers, accountants, consultants, and teachers, as well as CEOs and start-up founders.
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All nuts and bolts
- De Rancher en 05-22-21
De: Andrew S. Grove
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Secrets of World Class
- Turning Mediocrity into Greatness
- De: Steve Siebold
- Narrado por: Erik Synnestvedt
- Duración: 1 h y 25 m
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Steve Siebold uncovers the "mental toughness" secrets of champions. You can learn them, too, and start dreaming bigger and achieving more. In Secrets of the World Class, Steve Siebold's shares his 20-year journey of studying peak performers and discovering the link that makes them champions. Each chapter finishes with an "Action Step for Today" that leads you down the path from mediocrity to greatness. Loaded with ideas you can immediately put into action to catapult yourself from mediocrity to greatness. Applications for use in business as well as athletics.
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Clear and concise information
- De James Whittle en 10-19-13
De: Steve Siebold
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The Meat Racket
- The Secret Takeover of America's Food Business
- De: Christopher Leonard
- Narrado por: John Pruden
- Duración: 11 h y 26 m
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How much do you know about the meat on your dinner plate? Journalist Christopher Leonard spent more than a decade covering the country's biggest meat companies, including four years as the national agribusiness reporter for the Associated Press. Now he delivers the first comprehensive look inside the industrial meat system, exposing how a handful of companies executed an audacious corporate takeover of the nation's meat supply.
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Hits the nail on the head.
- De Anonymous 8888 en 02-04-15
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Broken Money
- Why Our Financial System Is Failing Us and How We Can Make It Better
- De: Lyn Alden
- Narrado por: Guy Swann
- Duración: 17 h y 31 m
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Broken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the listener to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.
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It’s the ledger stupid
- De Jessica Hopman en 03-14-24
De: Lyn Alden
Lo que los oyentes dicen sobre The Lords of Easy Money
Con calificación alta para:
Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.
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- Mary
- 03-16-22
Excellent Book!
Everyone should read or listen to this book
Fantastic and thoughtful explanation of how the Fed works and why our financial system is horribly skewed to help the wealthy while crushing everyone else
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- Jason Smith
- 03-17-22
Solid content explaining how the FED manipulates $
Solid content! One of the most up to date and in depth explanations of the plumbing of the FED from an inside perspective. I kept being reminded of why our founding father’s wrote in the constitution that only Gold and Silver are legal tender. No one human being locked in a small room with a computer (FED buyer) should be allowed to create billions of fiat currency with the click of a computer mouse, especially the world’s reserve currency.
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- Demetrius Walker
- 02-08-22
Makes understanding our economy clear
The author makes seemingly difficult concepts and Fed speak easy to comprehend for the average listener. Very impressed by how he ties together history and recent history to current events. Anybody looking to understand the current state of the American economy should definitely pick up this book!
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- John Smith
- 06-26-22
Great book!
I thought the information priceless and the story well told, but the anti-Trump sentiment was an unnecessary disappointment.
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- Peter Riley
- 11-18-22
Fantastic!
As Moe said to Curley; “I’ll explain it so even you understand it” 🤣
Leonard does a tremendous job of piecing together recent FED 0% interest rate policies and quantitative easing as it relates to our economy. He does this in a non-polemical way, just by putting the pieces together and tracing the trend lines that result from these policies. Fascinating and informative, essential information.
Very nicely read by Mr Roy
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- David Bradley
- 08-20-24
Robinhood is really a tool for the Big Institutions to follow order flow
Very Informative..Intriguing and proficiently detailed on the Federal reserve operates on a long term scale
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- Quinton Heck
- 01-06-25
Good explanation of Federal Reserve, with a political Lena
Good book with good information. There tends to be a political lean in the book that I will let the reader determine for themself. Overall a great read for anyone wanting to get a better understanding of how money and the fed really works.
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- J. Glick
- 02-26-22
Fascinating and well-read book!
This is a fascinating look at the Federal Reserve. It definitely helps explain part of what has been happening in our economy over the last 40 years or so. Christopher Leonard has a captivating writing style that makes it easier to understand what the FED has been doing with it's monetary policy. Jacques Roy does an excellent job reading the book. I listened to it twice in one month and could easily listen again. I definitely recommend it!
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- J Allen
- 07-13-22
An informative and concerning peek behind the curtain
This book gives a little behind the curtain view of a penthouse back room process of which the common citizen only gets small snippets rather than the big picture. It sheds light on the interconnection between the various government entities, central and big banks, Wall Street, and the corporate players. It tells a story that is ongoing even as the book ends. There’s a whole lot more going on than we get to see and the devil is truly in the details.
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- M. W
- 12-08-22
Informative and Interesting Though Biased
Really great narration and a fascinating topic. Purely informative up until the last few chapters where the author gets a bit politically left leaning. Otherwise great.
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