Book reviews: Lords of easy money. By Christopher Leonard.

This book gives a short reason for why the FED was formed a good 100 years ago. It also explains what the FED does (they determine the price of money, or at least the price of US Dollars) and goes into details about how they do this. This is where things get really interesting, because how exactly does the FED create and destroy money? How do they force the market to pay more or less interest for…