SKU: 25874250860

The Lords of Easy Money : How the Federal Reserve Broke the American Economy by Christopher Leonard

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The Lords of Easy Money : How the Federal Reserve Broke the American Economy by Christopher LeonardIf you asked most people what forces led to todays 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,

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.

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SKU: 25874250860

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WN
Lowell, US
★★★★★ 5
Been doing great since 2020
Used this to replace the charging solenoid on my diesel motorhome. Originally used a White-Rodgers OEM relay and it only lasted about 18 months. This has been going strong since 2020 and I use my motorhome about 10 months out of the year with lots of miles.
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Reviewed in the United States on October 2, 2024
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Jason Vorbeck
Omaha, US
★★★★★ 1
Buy something better
This relay has experienced failure again after just a couple of months of use. It's not the mag coil that fails but rather the contacts are of such low quality that they corrode beyond their ability to conduct power, and fast. I have had to change two of these so far and am on the third one. The seller will ship replacements but who wants to keep replacing them? I have to travel in my RV with a spare. This relay has never been exposed to the elements. It's safely mounted inside a sealed bay. Be aware of any brands that look like this, they are all the same.
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Reviewed in the United States on November 15, 2025
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Dave Kulina
Los Angeles, US
★★★★★ 5
Works great
I added extra batteries to run a truck camper without killing my main battery and this works great. Simple to install and i have no had any problems in the pay few months and i use it every single day
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Reviewed in the United States on April 18, 2021
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Amazon Customer
Waukegan, US
★★★★★ 5
Installed in my RV.
This product works well. It is somewhat difficult to mount. The contact points are a little too close together. These deficiencies are understandable given its low cost and small size.
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Reviewed in the United States on January 18, 2021
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Amazon Customer
Houston, US
★★★★★ 5
Inexpensive part and YouTube knowledge lead to quick fix
Size: 96158T-1PCS
Solenoid went out on boat. After viewing multiple videos on YouTube I figured that my solenoid was bad. Ordered this and received a day later. Replaced the other one and this worked perfectly.
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Reviewed in the United States on August 9, 2025

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