2022-01-27 12:13:12

“The Lords of Easy Money”: How the Federal Reserve Enriched Wall Street & Broke the U.S. Economy

As the Federal Reserve signals, it will raise interest rates in March, Democracy Now! talk to Christopher Leonard, author of the new book “The Lords of Easy Money,” about how the Federal Reserve broke the American economy. He details the issues with quantitative easing, a radical intervention instituted by the federal government in 2010 to encourage banks and investors to lend more risky debt to combat the recession. “The Fed’s policies over the last decades have stoked the world of Wall Street,” says Leonard. “It has pumped trillions of dollars into the banking system and thereby inflated these markets for stocks, for bonds. And that drives income inequality.”

 

Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González. Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues. 

On DN!, you’ll hear a diversity of voices speaking for themselves, providing a unique and sometimes provocative perspective on global events.

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“The Lords of Easy Money” #democracynow Amy Goodman Christopher Leonard Federal Reserve Juan Gonzalez Wall Street

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