ARNSF: Federal Reserve Bank

This event is only open to members of the ARNSF. If you are not a member but are interested in joining, contact Bob Ulin at rulin@cgscf.org.

In this presentation of the forum, journalist and author Christopher Leonard will discuss the Federal Reserve bank, and its extraordinary experiments in money printing over the last decade. Leonard recently published a book on the topic, The Lords of Easy Money, which details how the Fed has reshaped our economic system in ways that contribute to today’s inflation and wild stock market gyrations.

The book begins on November 4, 2010, when the Fed began an unprecedented program 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 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 two short months. Leonard will discuss what the Fed did, why it did it, and what it means for our current economic dilemma.

Christopher Leonard is a business reporter whose work has appeared in The New York Times, The Wall Street Journal, Fortune, and Bloomberg Businessweek. He is the New York Times bestselling author of The Lords of Easy Money, The Meat Racket and Kochland, which won the J. Anthony Lukas Work-in-Progress Award. Leonard was born and raised in Kansas City, and graduated from the University of Missouri School of Journalism.

Questions about registration? – Contact Lora Morgan, lora@cgscf.org or call 913-651-0624.

For questions about the ARNSF contact Col. (Ret.) Robert Ulin, Simons Center Director, at rulin@cgscf.org or call 913-240-1495.

Please register below.

The Arter-Rowland National Security Forum is an exclusive professional information sharing and networking event exclusively for members of the forum and select invitees of the CGSC Foundation and its Simons Center, the co-hosts of the Forum.