TIP411: How the Federal Reserve Broke the American Economy w/ Christopher Leonard

We Study Billionaires - The Investor’s Podcast Network

Episode • Jan 7, 2022 • 1h 11m

Trey sits down with investigative journalist and author, Christopher Leonard. Chris wrote a New York Times bestselling book called Kochland, which profiles billionaire Charles Koch and Koch Industries. He’s also the author of a new book, entitled The Lords of Easy Money - How the Federal Reserve Broke the American Economy.

IN THIS EPISODE, YOU'LL LEARN:

03:40 - The origins of Koch Industries and how Charles rose to his billionaire status.
05:37 - The operating system of Koch Industries, known as Market Based Management.
15:08 - Charles Koch’s legacy and his mysterious operations behind closed doors.
27:14 - The origins of the Federal Reserve and how it operates.
31:21 - Actions taken by the FED since the GFC that have resulted in a very challenging predicament for the world's economy.
31:46 - The untold story of Thomas Hoenig, a director at the FED, who was the sole opposing vote to the early FED initiatives following the GFC, which resulted in a severely damaged reputation that Christopher aims to redeem and much more.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Christopher Leonard's website.
Christopher Leonard's book - Kochland: The Secret History of Koch Industries and Corporate Power in America.
Christopher Leonard's book - The Lords of Easy Money: How the Federal Reserve Broke the American Economy.

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