Over the last decade, the gap between the rich and poor has grown dramatically. Stock prices are trading far above what’s justified by actual corporate profits, and corporate debt in America is at an all-time high. But how exactly did we get here? In The Lords of Easy Money: How the Federal Reserve Broke the American Economy, best-selling investigative journalist Chris Leonard exposes how decision-making at the Federal Reserve has accelerated income inequality and put our country’s economic stability at risk.
Join Economic Liberties on Tuesday, November 15 at 8pm ET/5pm PT as we dig in on how we really got here—and what this means for our economic future. Reviewers praise Leonard for masterfully taking “an arcane subject” and building a “riveting narrative,” which lays out how “extreme financialization has transformed (or deformed) the economy and our politics.”
You can order The Lords of Easy Money: How the Federal Reserve Broke the American Economy, at your local, independent bookstore here and read more about it in The New York Times.
And stay tuned for more “Thinking Big” programming. On December 13, we’ll feature Cory Doctorow to talk about his latest book with Rebecca Giblin, Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We’ll Win Them Back. You can catch a sneak peak of the upcoming discussion in a recent episode of More Perfect Union’s The Classroom. If you missed our latest “Thinking Big” with Rana Foroohar, you can catch a recording of the discussion here!