Book description
The Wall Street Journal Best Book of the Year NEW YORK TIMES BESTSELLER 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.
Shady Prairie
Auto-rewind is a brilliant feature. Never lose track of where I left off. I've listened to hundreds of audiobooks, and this one stands out for its professional quality. The narrator struck the ideal balance between dramatic interpretation and letting the text speak for itself. The audio engineering was superb with consistent volume levels and crystal-clear recording.
Grotas
With this app, I've turned my everyday moments into meaningful opportunities for growth and learning. I can't imagine my life without this app – it's my constant companion for literary adventures. ListenBook has transformed my daily commute. I look forward to my journeys with this app by my side. ListenBook has seamlessly integrated into my daily routine, enhancing my workouts, commutes, and moments of relaxation. It's a true companion. This app is a must-have for anyone who loves audiobooks. The interface is intuitive, and the app supports all formats. I love the auto-bookmark feature—it saves my place automatically, so I never lose track. Highly recommend!
Lucifurious
No need to convert files anymore – ListenBook's seamless playback of various formats is a game-changer for audiobook enthusiasts like me! Adjusting the tone of the narrator's voice is a unique touch – it's like having a personalized reading. The app is so versatile. It works with all my devices.
Wildcat Talent
I've never been this excited about my daily commute – thank you, audiobooks! I'm hooked on this app – it's my escape to different worlds and adventures. Enhancing my daily routines – this app's design makes listening a joy. ListenBook’s support for Apple Watch is a great touch. I can control my audiobooks on the go. The app is so easy to use. I was up and running in minutes.
Bleachers
I love that I can switch between fiction and non-fiction effortlessly. Listening to audiobooks has never been this convenient and enjoyable! This audiobook performed its function without excelling. The narrator's delivery was straightforward and easy to follow, though lacking in dramatic flair. The recording quality was decent with only occasional minor inconsistencies in volume. An acceptable but forgettable listening experience.
42nd Street
The app is perfect for people who love to listen to books while exercising. This app is a must-have for anyone who loves audiobooks. The interface is intuitive, and the app supports all formats. I love the auto-bookmark feature—it saves my place automatically, so I never lose track. Highly recommend!
Miss Mustard
I can't believe how much more I'm 'reading' now, thanks to this app. I'm blown away by the powerful audio downloading options. So versatile!
Sherwood Gladiator
I love how this app makes my daily commute a journey through literature. User-centric audiobook joy – this app's ease of use is impressive.
Pixie Taze
The offline mode is a lifesaver on flights – I'm never without a good story. ListenBook's sleek design and intuitive controls make it my go-to app for audiobooks. ⏰ Starting my mornings with inspiration – audiobooks make waking up a joyous literary experience! ☀️🎧
Street Jolly
ListenBook Pro's noise reduction feature turns any environment into a cozy listening haven. Finally, an app that supports a wide range of audio formats! It's a must-have for audiobook enthusiasts. The adjustable playback speed is a secret weapon for getting through educational content faster. I can't get enough of the smooth playback experience. It's like a symphony for my ears. This was a competent audiobook production with no major flaws. The narrator's voice was pleasant enough and the audio quality was acceptable, though not exceptional. While the performance didn't particularly stand out, it served its purpose adequately for my daily commute.
Ship Whip
ListenBook's commitment to providing a smooth and enjoyable listening experience is evident in every detail. Changing the tone of the sound on ListenBook Pro is a fun way to customize my listening experience. ListenBook's seamless integration with CarPlay has made my drives more informative. No more hassle with file conversion. This app handles all formats effortlessly. Sharing audiobooks with friends through AirDrop is a fun and interactive way to bond over stories.
Pepper Mouse
ListenBook's dedication to excellence shines through in its impeccable audio quality and user-friendly features. 📱 Unlocking the world of literature with just a tap – this app is my digital library card! 📚📱 🎶📚 The harmony between simplicity and functionality in this app is truly impressive. Audiobooks have never sounded this good! 🎵🎧 The range of supported formats is impressive. No more converting files!
Journeyman
🌌 Transforming my mundane routine into a captivating journey – thank you, this app! ✨📚 Chapters make it so easy to pick up where I left off. No more hunting around. No more hassle with file conversion. This app handles all formats effortlessly. I love the bookmarking feature. ListenBook makes it easy to pick up where I left off. I was thoroughly impressed by this audiobook. The combination of engaging content and skilled narration made my daily commute something to look forward to. The narrator's timing and intonation were spot-on, enhancing rather than distracting from the material. Definitely worth a credit!
Dewdrop Doll
This app has brought storytelling into every corner of my life – it's incredible. Audiobooks made simple – this app's functionality is a breath of fresh air.
Miss Rum Punch
ListenBook has turned my ordinary moments into extraordinary journeys of the mind. ListenBook's library organization keeps my audiobooks neat and accessible. A true organizational lifesaver! The user-friendly interface and smooth navigation make this app a pleasure to use daily. ListenBook’s playback speed control is very useful. I can listen at my own pace. ListenBook has completely changed how I enjoy audiobooks. The app is packed with features like customizable skip intervals, playback speed, and sleep timers. The interface is clean and easy to navigate. Five stars!
Bambi Benz
The narrator's voices are so soothing – a perfect way to unwind after a stressful day. ListenBook has elevated my audiobook experience to new heights. It's a treasure trove of knowledge.
Airport Hobo
🧘♀️☕ Unwinding with a cup of tea and a captivating audiobook – relaxation meets intellectual stimulation. 🍵📖 Perfect for studying with its playback controls and audio filters. Excellent app!
Jungle King
Adjustable playback speed and volume controls are excellent. ListenBook’s bookmarking feature is incredibly useful. I never lose my place in a book.
Guillotine
Audiobooks have turned road trips into unforgettable journeys of imagination. I'm addicted to this app's seamless performance and impressive library. Unlocking a world of literary possibilities, this app's extensive compatibility and user-friendly controls have made audiobook enjoyment an everyday joy. 📱🔊 As an audiobook aficionado, this app is a dream come true. Its support for various formats and effortless navigation make it my perfect reading companion. 🌟🎧 ListenBook Pro's tone adjustment feature is an innovative way to make each audiobook unique.
Venious
I've become a more empathetic listener and reader, thanks to the power of audiobooks. ListenBook has redefined how I enjoy audiobooks. It's an essential tool for my literary pursuits. ListenBook Pro's noise reduction feature is a revelation. It elevates the audio quality, providing a clear and immersive listening experience that enhances my enjoyment.
Playing a wide variety of audio formats
Works on all devices with iOS 13 and newer
Huge amount of features for a small price
Frequent updates to add new features and improve existing ones
Advanced playback controls
Live sound processing
Changing the timbre of the reader's voice and noise reduction
Translated into more than 20 languages
If you love listening to fiction audiobooks, ListenBook has features to make the process easier.
Edit book data: title, author, cover
Use equalizer to make the sound comfortable for you
Adjust the playback speed
Enjoy dark and light app themes
Supported formats: MP3, M4B, AWB, FLAC, OGG audio files and many more (must be DRM free)
Auto-Bookmarks make it easy to find your place
AirPlay support allows redirection of audio output.
VoiceOver support
Dark mode for night owls
Convenient bookmarking system helps you mark the most important places.
Unlimited bookmarks for each audiobook
Put your own cover on the wager
Share your audiobook with friends
Lock-screen control
Customise app with extensive options
Sleep timer with shake to reset, set custom notification sounds, and a few unique options
Auto rewind depending on paused time, customize rewind times to your liking
Removing background noise from recordings made in classrooms and meetings
Changing the timbre of the reader's voice for a better listening experience