The lords of easy money by christopher leonard .

The Lords of Easy Money: How the Federal Reserve Broke the American Economy (2022) by investigative journalist Christopher Leonard is a critical examination of the U.S. Federal Reserve and how its post-2008 financial crisis policies reshaped the American economy.

The book investigates the Federal Reserve’s radical monetary experiment following the 2008 market crash—specifically its reliance on Quantitative Easing (QE) and Zero Interest Rate Policy (ZIRP). Leonard argues that by keeping interest rates near zero and flooding the financial system with trillions of newly printed dollars, the Fed intended to stimulate job growth, but instead fueled massive asset bubbles, accelerated income inequality, and encouraged dangerous corporate debt.