Christopher Leonard is a business reporter whose work has appeared in The New York Times, The Wall Street Journal, Fortune, and Bloomberg Businessweek. He is the New York Times bestselling author of The Meat Racket and Kochland, which won the J. Anthony Lukas Work-in-Progress Award.
"A fascinating page-turner....There’s something undeniably
gratifying about an elegantly crafted morality tale — and the
business reporter Christopher Leonard has written a good one....A
fascinating and propulsive story about the Federal Reserve — yes,
you read that right. Leonard, in the tradition of Michael Lewis,
has taken an arcane subject, rife with the risk of
incomprehensibility (or boredom), and built a riveting narrative in
which the stakes couldn’t be any clearer."– The New York Times
"Skillfully tells the story of how, over several decades, a phalanx
of economic sophisticates at the Fed have badly misunderstood the
U.S. economy and often come up with policies that fail to produce
the intended results." – The Wall Street Jornal
"A timely addition—appearing just as inflation is making
headlines....Leonard writes vividly about a technical subject....By
focusing on a regional banker, Leonard offers a refreshingly
non-Washington view....The author is surely correct that many
Americans view the Fed as an unelected power aligned with elites,
perhaps contributing to the disaffection that exploded on Jan. 6,
2021."– The Washington Post
"It’s tough to turn the nuances of monetary policy into
personality-driven narrative. But Christopher Leonard has succeeded
in doing just that with The Lords of Easy Money....He turns [an]
unassuming economist into the protagonist of a compelling tale
about how the Federal Reserve changed the entire nature of the
American economy... Weaving together narrative non-fiction with big
ideas can be difficult. One of the best things about this book is
that through Hoenig, Leonard, a business journalist, is able to
tell the whole, complicated half-century story of how we got to
where we are now in a way that isn’t at all wonky. There are real
people here, making real decisions about the real world." – The
Financial Times
"[A] bracing and closely reported chronicle....Leonard’s book is an
indispensable account in many respects—his coverage of the
invisible bailout of the repo market alone stands as a bracing case
study in how the false pieties of quantitative easing directly
stoked ruinous asset bubbles. But Leonard is also that rarest of
financial reporters who conscientiously tracks the real-life
consequences of the Olympian deliberations undertaken by the paper
economy’s gatekeepers....richly reported, accessible, biting, and
long-overdue." – The New Republic
"The book is a timely read to understand what could happen next
through a thorough analysis of what this policy intervention looks
like on the ground."– Enterprise: The State of the Nation
"We get his point and it is a good one. This has been an era of
loose money and the benefits have been very unevenly distributed...
The office politics of the Fed are well captured by Leonard, as is
the intimidating physical setting." – The New York Times
"Leonard is skilled at explaining complicated financial maneuvering
in a way normal people can understand... A good reminder of how
uncertain a lot of monetary policy is." – The Washington Free
Beacon
“Leonard's wonderfully readable new book is about one of the most
important, yet least covered and least understood, changes in
American life. That's the effect of the dramatically increased role
in financial markets played by the Federal Reserve. As Leonard
convincingly argues, it might be nothing short of catastrophic.” —
Bethany McLean, New York Times bestselling co-author
of The Smartest Guys in the Room
“An essential, engrossing and, above all, human tale featuring the
central banker who dared to dissent from the party line and a
factory worker whose sufferings are traceable to that dissident’s
failure to carry his case. A monetary page-turner? Christopher
Leonard has actually produced one.” — James Grant, founder and
editor of Interest Rate Observer
“Thanks to Leonard's gripping narrative, I now have a new monetary
hero: former Fed governor Tom Hoenig. If, like me, you are
desperate to understand how we got into this predicament, The Lords
of Easy Money is required reading.” — William D. Cohan, New
York Times bestselling author of House of Cards
“Leonard’s richly reported and provocative exploration will have
you reassessing whether the Fed built on a solid foundation or on
air.”— Jesse Eisinger, Pulitzer Prize winning author
of The Chickenshit Club
“An eye-opener. Well-researched and engaging, it brings to life
consequential issues that influence the current and future
wellbeing of most Americans... How this journey ends has important
implications not just for the United States but also
globally.” — Mohamed A. El-Erian, New York
Times bestselling author of The Only Game in
Town and president of Queens’ College, Cambridge University.
|
Ask a Question About this Product More... |
|
