PARTNER EVENT: The Story Center and Rainy Day Books welcome Christoper Leonard, Author of The Lords of Easy Money: How the Federal Reserve Broke the American Economy

PARTNER EVENT OVERVIEW:  Christoper Leonard, New York Times Bestselling Author, will be In Conversation with Steve Kraske, Host of KCUR/NPR's Up To Date about Christopher's Recent Hardcover The Lords of Easy Money: How the Federal Reserve Broke the American Economy.  This Event is Presented by The Story Center at Mid-Continent Public Library with support from Rainy Day Books.

ABOUT THE NEW BOOK:  The New York Times bestselling 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 the Fed also has a unique power to reshape the American economy for the worse, which it did, fatefully, on November 4, 2010 through 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 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 two short months.

Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, stock prices are trading far above what’s justified by actual corporate profits, corporate debt in America is at an all-time high, and this debt is being traded by big banks on Wall Street, leaving them vulnerable—just as they were during the mortgage boom. Middle-class wages have barely budged in a decade, and consumers are buried under credit card debt, car loan debt, and student debt.

The Lords of Easy Money tells the shocking, riveting tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This will be the first inside story of how we really got here—and why we face a frightening future.

ABOUT 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.

DATE & TIME:  Thursday, June 30, 2022, at 7:00 PM

LOCATION:  The Story Center, Woodneath Community Hall, 8900 NE Flintlock Road, Kansas City, Missouri 64157

EVENT FORMAT:  Christoper Leonard, New York Times Bestselling Author, will be In Conversation with Steve Kraske, Host of KCUR/NPR's Up To Date about Christopher's Recent Hardcover The Lords of Easy Money: How the Federal Reserve Broke the American Economy.  A Meet & Greet Booksigning will follow the Presentation.  Rainy Day Books will have The Lords of Easy Money for sale at this program, or preorder online below and note AT EVENT PICKUP and we'll have your copy waiting at the event.

ADMISSION PACKAGE:  This is a Complimentary OPEN House Event.  Registration is Required at www.MyMCPL.org/Story-Center/Events or Call the Library at 816-883-4900.  Rainy Day Books will have Christopher Leonard's Books for Sale at this Event.  Seating is General Admission.

DISCLAIMER:  All Author Event sales are final and non-refundable.  Kansas Sales Tax is charged on all Orders, regardless of destination.  Additional Signed Books are available for purchase at our Author Event.

Event date: 
Thursday, June 30, 2022 - 7:00pm
Event address: 
The Story Center, Woodneath Community Hall
8900 NE Flintlock Road
Kansas City, MO 64157
The Lords of Easy Money: How the Federal Reserve Broke the American Economy By Christopher Leonard Cover Image
$30.00
ISBN: 9781982166632
Availability: In Stock as of this morning. Order Now!
Published: Simon & Schuster - January 11th, 2022

Author Genre Terms: 

All Special Orders, Author Events Admission Packages and Author Autographed Book Sales are final and nonrefundable at time of purchase, all other Sales are exchangeable / refundable within 30 Days with Receipt.