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In “The Lords of Easy Money,” the journalist Christopher Leonard examines the Federal Reserve’s policy of quantitative easing following the 2008 financial crisis.
"He said the Federal Reserve had printed 350 years' worth of money in about four and a half years," Leonard said. Leonard didn't know very much about the Federal Reserve prior to that conversation with the bond trader. So he educated himself and soon learned that what he'd been told was correct: After the global financial crisis of 2008, the Federal Reserve had.