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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

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

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.63.6K Ratings

🗓️ 7 January 2022

⏱️ 74 minutes

🧾️ Download transcript

Summary

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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:03.1

On today's episode I sit down with investigative journalist and author Christopher Leonard.

0:08.1

Chris wrote a New York Times bestselling book called Coacland which profiles billionaire

0:12.6

Charles Koch and Koch Industries.

0:15.1

He's also the author of a new book entitled The Lords of Easy Money, How the Federal Reserve

0:20.4

Broke the American Economy.

0:22.2

In this episode we discuss the origins of Koch Industries and how Charles rose to his billionaire

0:27.1

status.

0:28.1

Operating system of Koch Industries known as Market-based Management, Charles Koch's

0:32.8

Legacy, and his mysterious operations behind closed doors.

0:36.5

Then we pivot to the new book The Origins of the Federal Reserve and how it operates,

0:41.1

actions taken by the Fed since the great financial crisis that have resulted in a very challenging

0:45.8

predicament for the world's economy.

0:48.0

The untold story of Thomas Hanig, a director at the Fed, who was the sole opposing vote

0:52.7

to the early Fed initiatives following the great financial crisis, which resulted in a severely

0:57.3

damaging reputation that Christopher aims to redeem and much, much more.

1:02.1

The influence of the Fed is becoming more and more understood by mainstream and it can

1:06.4

be an endlessly fascinating discussion.

1:08.8

That's what I found here with Christopher Leonard who I probably could have talked to for

1:12.1

hours more.

1:13.1

I especially love how he's able to weave together such a great story.

1:16.5

I hope you enjoyed as much as I did.

...

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