Lords of Easy Money and Thomas Hoenig

The FED’s decisions affect every asset you own all the way down to the cost of your everyday grocery purchases. I highly recommend Lords of Easy Money by Christoper Leonard. I would also recommend reading and listening to Thomas M. Hoenig’s positions on the FED policy. He served as the President of the Federal Reserve Bank of Kansas City from 1991 to 2011. This book dives into Thomas Hoenig’s dissenting votes on the FOMC and confirms that the current FED policy is a radical experiment in monetary policy. It has increased wealth inequality by driving up asset prices. Meaning, the people who own assets are getting much wealthier and those who don’t are becoming poorer. It also speaks on the current inflation that we are seeing all around us. There is no easy path out of our current situation.

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