Every book Christopher Leonard recommended on podcasts

Christopher Leonard is an author and journalist who appeared on the Big Technology Podcast to discuss his book, The Lords of Easy Money. During the episode, Leonard explained the central argument of his work, highlighting how the Federal Reserve intervened in financial markets in an unprecedented and extraordinary way over the preceding decade. He detailed how the book contrasts the real economy with asset markets during the era of zero interest rate policy and quantitative easing in the 2010s. Leonard also used the book to explain his theory that artificially inflated asset prices will inevitably converge with their actual value. Furthermore, he connected his reporting and interviews with Wall Street participants to his discussion of the ten-year treasury bond, which he described as the bedrock of the financial system, utilizing the metaphor of a seesaw of risk. Leonard outlined a major conclusion he sought to convey: that the Federal Reserve should not be entrusted with such immense power. Additionally, he referred to a specific chapter in his book titled The Fixer, focusing on Jay Powell, to illustrate Powell's background in the upper echelons of Washington and Wall Street and his shifting stance on quantitative easing and interest rates.