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A Fed morality tale

Mr Leonard has chosen Rexnord as an example advisedly

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Book Cover (The Lords of Easy Money: How the Federal Reserve Broke the American Economy)

Jennifer Szalai | NYT
The Lords of Easy Money: How the Federal Reserve Broke the American Economy
Author: Christopher Leonard
Publisher: Simon & Schuster
Price: $30 
Pages: 373

There’s something undeniably gratifying about an elegantly crafted morality tale — and the business reporter Christopher Leonard has written a good one, even if you suspect that the full shape of it isn’t quite as smooth as he makes it out to be. The Lords of Easy Money is a fascinating and propulsive story about the Federal Reserve — yes, you read that right. Mr Leonard, in the tradition of Michael Lewis, has taken an arcane subject, rife with the

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First Published: Jan 24 2022 | 12:04 AM IST

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