The Lords of Easy Money

The Lords of Easy Money

Author: Christopher Leonard

Publisher: Simon and Schuster

Published: 2023-01-10

Total Pages: 384

ISBN-13: 1982166649

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The New York Times bestseller from 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 here, for the first time, is the inside story of how the Fed has reshaped the American economy for the worse. It all started on November 3, 2010, when the Fed began 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 the 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 a few short months. Which brings us to now: Ten years on, the gap between the rich and poor has grown dramatically, inflation is raging, and the stock market is driven by boom, busts, and bailouts. Middle-class Americans seem stuck in a stage of permanent stagnation, with wage gains wiped out by high prices even as they remain buried under credit card debt, car loan debt, and student debt. Meanwhile, the “too big to fail” banks remain bigger and more powerful than ever while the richest Americans enjoy the gains of a hyper-charged financial system. The Lords of Easy Money “skillfully” (The Wall Street Journal) tells the “fascinating” (The New York Times) tale of how quantitative easing is imperiling the American economy through the story of the one man who tried to warn us. This is the first inside story of how we really got here—and why our economy rests on such unstable ground.


Teaching Black History to White People

Teaching Black History to White People

Author: Leonard N. Moore

Publisher: University of Texas Press

Published: 2021-09-14

Total Pages: 185

ISBN-13: 1477324879

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Leonard Moore has been teaching Black history for twenty-five years, mostly to white people. Drawing on decades of experience in the classroom and on college campuses throughout the South, as well as on his own personal history, Moore illustrates how an understanding of Black history is necessary for everyone. With Teaching Black History to White People, which is “part memoir, part Black history, part pedagogy, and part how-to guide,” Moore delivers an accessible and engaging primer on the Black experience in America. He poses provocative questions, such as “Why is the teaching of Black history so controversial?” and “What came first: slavery or racism?” These questions don’t have easy answers, and Moore insists that embracing discomfort is necessary for engaging in open and honest conversations about race. Moore includes a syllabus and other tools for actionable steps that white people can take to move beyond performative justice and toward racial reparations, healing, and reconciliation.


Prison Writings

Prison Writings

Author: Leonard Peltier

Publisher: Macmillan + ORM

Published: 2016-04-12

Total Pages: 216

ISBN-13: 1250119286

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The Native American activist recounts his evolution into a political organizer, his trial and conviction for murder, and his spiritual journey in prison. In September of 2022, twenty-five years after Leonard Peltier received a life sentence for the murder of two FBI agents, the Democratic National Committee unanimously passed a resolution urging President Joe Biden to release him. Peltier has affirmed his innocence ever since his sentencing in 1977—his case was made fully and famously in Peter Matthiessen’s bestselling In the Spirit of Crazy Horse—and many remain convinced he was wrongly convicted. A wise and unsettling book, Prison Writings is both memoir and manifesto, chronicling Peltier’s life in Leavenworth Prison in Kansas. Invoking the Sun Dance, in which pain leads one to a transcendent reality, Peltier explores his suffering and the insights it has borne him. He also locates his experience within the history of the American Indian peoples and their struggles to overcome the federal government’s injustices. Edited by Harvey Arden, with an introduction by Chief Arvol Looking Horse, and a preface by former Attorney General Ramsey Clark. Praise for Prison Writings “It would be inadequate to describe Leonard Peltier’s Prison Writings as a classic of prison literature, although it is that. It is also a cry for help, an accusation against monstrous injustice, a beautiful expression of a man’s soul, demanding release.” —Howard Zinn, author of A People’s History of the United States “For too long, both Leonard’s supporters and detractors have seen him as a metaphor, as a public figure worthy of political rallies and bumper stickers, but very rarely as a private man who only wants to go home. I pray this book will bring Leonard home.” —Sherman Alexie, author of Indian Killer


Antisemitism in America

Antisemitism in America

Author: Leonard Dinnerstein

Publisher: Oxford University Press

Published: 1995-11-02

Total Pages: 401

ISBN-13: 0195313542

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Is antisemitism on the rise in America? Did the "hymietown" comment by Jesse Jackson and the Crown Heights riot signal a resurgence of antisemitism among blacks? The surprising answer to both questions, according to Leonard Dinnerstein, is no--Jews have never been more at home in America. But what we are seeing today, he writes, are the well-publicized results of a long tradition of prejudice, suspicion, and hatred against Jews--the direct product of the Christian teachings underlying so much of America's national heritage. In Antisemitism in America, Leonard Dinnerstein provides a landmark work--the first comprehensive history of prejudice against Jews in the United States, from colonial times to the present. His richly documented book traces American antisemitism from its roots in the dawn of the Christian era and arrival of the first European settlers, to its peak during World War II and its present day permutations--with separate chapters on antisemititsm in the South and among African-Americans, showing that prejudice among both whites and blacks flowed from the same stream of Southern evangelical Christianity. He shows, for example, that non-Christians were excluded from voting (in Rhode Island until 1842, North Carolina until 1868, and in New Hampshire until 1877), and demonstrates how the Civil War brought a new wave of antisemitism as both sides assumed that Jews supported with the enemy. We see how the decades that followed marked the emergence of a full-fledged antisemitic society, as Christian Americans excluded Jews from their social circles, and how antisemetic fervor climbed higher after the turn of the century, accelerated by eugenicists, fear of Bolshevism, the publications of Henry Ford, and the Depression. Dinnerstein goes on to explain that just before our entry into World War II, antisemitism reached a climax, as Father Coughlin attacked Jews over the airwaves (with the support of much of the Catholic clergy) and Charles Lindbergh delivered an openly antisemitic speech to an isolationist meeting. After the war, Dinnerstein tells us, with fresh economic opportunities and increased activities by civil rights advocates, antisemititsm went into sharp decline--though it frequently appeared in shockingly high places, including statements by Nixon and his Chairman of the Joint Chiefs of Staff. "It must also be emphasized," Dinnerstein writes, "that in no Christian country has antisemitism been weaker than it has been in the United States," with its traditions of tolerance, diversity, and a secular national government. This book, however, reveals in disturbing detail the resilience, and vehemence, of this ugly prejudice. Penetrating, authoritative, and frequently alarming, this is the definitive account of a plague that refuses to go away.


Sovereignty at the Paris Peace Conference of 1919

Sovereignty at the Paris Peace Conference of 1919

Author: Leonard V. Smith

Publisher: Oxford University Press

Published: 2018

Total Pages: 300

ISBN-13: 0199677174

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We have known for many decades that the Paris Peace Conference of 1919 "failed", in the sense that it did not prevent the outbreak of World War II. This book investigates not whether the Paris Peace Conference succeeded or failed, but the historically specific international system it created. It explores the rules under which that system operated, and the kinds of states and empires that inhabited it. Deepening the dialogue between history and international relations theory makes it possible to think about sovereignty at the Paris Peace Conference in new ways. Sovereignty in 1919 was about not just determining of answers demarcating the international system, but also the questions. Sovereignty in 1919 was about remaking the world. Most histories of the Paris Peace Conference stop with the signing of the Treaty of Versailles with Germany on 28 June 1919. Sovereignty at the Paris Peace Conference of 1919 considers all five treaties produced by the conference as well as the Treaty of Lausanne with Turkey in 1923. It is organized not chronologically or geographically, but according to specific problems of sovereignty. A peace based on "justice" produced a criminalized Great Power in Germany, and a template problematically applied in the other treaties. The conference sought to unmix lands and peoples in the defeated multinational empires by drawing boundaries and defining ethnicities. The conference sought not so much to oppose revolution as to instrumentalize it in the new international system. The League of Nations, so often taken as the supreme symbol of the failure of the conference, is better considered as a continuation of the laboratory of sovereignty established in Paris.