Marshall and Saga here, welcome back to the Realignment.

I really kind of wanted to write like a money ball about quantitative easing.

I wanted to write an explainer that people could use to understand the Fed and how it works

mechanically, how it influences our lives and how different the last decade has been from

the rest of history in terms of the money printed and spectacularly different.

But you know the original subtitle of the book was how quantitative easing changed the world.

The final subtitle of the book is how the Fed broke the American economy.

You know I'm very cognizant of how confrontational that subhead is.

Good morning everyone happy Tuesday. We have a really great episode from you that I have been

waiting for for a long time. We have Christopher Lernerd. He is the author of the Lords of Easy Money,

how the Federal Reserve broke the American economy. Chris has also written a bunch of interesting

books like about the meat industry which has come into play around discussions with him

often. And in Fleshin and a book on the coax coax land at Soggar and I really enjoyed if you're

an ego-eyed listener. I represent during the episode you will notice that it's actually on Soggar's

bookshelf in the breaking point set. This episode is all about the Federal Reserve and Chris's

contention that the Fed actually broke the American economy in the wake and aftermath of the

financial crisis. As Soggar will talk about in a second though, conversations about the Fed,

which normally are told we do the side are on everyone's mind that a bunch of different

interesting contexts we'll get into. And this is just an important book for me because

AI knows absolutely nothing about the Federal Reserve. And Chris has written a book which is about

making this desperately important and usually inaccessible topic, actually accessible to people.

Soggar, why was this relevant to you? Why are you interested in all the good stuff we're going to

...