{"id":1311,"date":"2022-02-02T10:38:37","date_gmt":"2022-02-02T17:38:37","guid":{"rendered":"https:\/\/jeremywhittaker.com\/?p=1311"},"modified":"2022-02-02T11:01:14","modified_gmt":"2022-02-02T18:01:14","slug":"lords-of-easy-money-and-thomas-hoenig","status":"publish","type":"post","link":"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/","title":{"rendered":"Lords of Easy Money and Thomas Hoenig"},"content":{"rendered":"\n<p>The FED&#8217;s decisions affect every asset you own all the way down to the cost of your everyday grocery purchases. I highly recommend <a href=\"https:\/\/www.simonandschuster.com\/books\/The-Lords-of-Easy-Money\/Christopher-Leonard\/9781982166632\" target=\"_blank\" rel=\"noreferrer noopener\">Lords of Easy Money<\/a> by <a href=\"http:\/\/www.christopherleonard.biz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Christoper Leonard<\/a>. I would also recommend reading and listening to Thomas M. Hoenig&#8217;s positions on the FED policy.  He served as the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Thomas_M._Hoenig\" target=\"_blank\" rel=\"noreferrer noopener\">President of the Federal Reserve Bank of Kansas City<\/a> from 1991 to 2011. This book dives into Thomas Hoenig&#8217;s dissenting votes on the FOMC and confirms that the current FED policy is a radical experiment in monetary policy. It has increased wealth inequality by driving up asset prices. Meaning, the people who own assets are getting much wealthier and those who don&#8217;t are becoming poorer. It also speaks on the current inflation that we are seeing all around us. There is no easy path out of our current situation. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-src=\"https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-1024x1024.jpg\" alt=\"\" class=\"wp-image-1312 lazyload\" data-srcset=\"https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-1024x1024.jpg 1024w, https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-300x300.jpg 300w, https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-150x150.jpg 150w, https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-768x768.jpg 768w, https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-1536x1536.jpg 1536w, https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-2048x2048.jpg 2048w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/1024;\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The FED&#8217;s decisions affect every asset you own all the way down to the cost of your everyday grocery purchases. I highly recommend Lords of Easy Money by&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1311","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lords of Easy Money and Thomas Hoenig - Jeremy Whittaker<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lords of Easy Money and Thomas Hoenig - Jeremy Whittaker\" \/>\n<meta property=\"og:description\" content=\"The FED&#8217;s decisions affect every asset you own all the way down to the cost of your everyday grocery purchases. I highly recommend Lords of Easy Money by...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/\" \/>\n<meta property=\"og:site_name\" content=\"Jeremy Whittaker\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WhittakerJeremy\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/WhittakerJeremy\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-02T17:38:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-02T18:01:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"JeremyWhittaker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-scaled.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"JeremyWhittaker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/\"},\"author\":{\"name\":\"JeremyWhittaker\",\"@id\":\"https:\/\/new.jeremywhittaker.com\/#\/schema\/person\/ed0edfdefb3e180693efef453372980c\"},\"headline\":\"Lords of Easy Money and Thomas Hoenig\",\"datePublished\":\"2022-02-02T17:38:37+00:00\",\"dateModified\":\"2022-02-02T18:01:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/\"},\"wordCount\":148,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/new.jeremywhittaker.com\/#\/schema\/person\/ed0edfdefb3e180693efef453372980c\"},\"image\":{\"@id\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/new.jeremywhittaker.com\/wp-content\/uploads\/2022\/02\/PXL_20220202_021937450-1024x1024.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/\",\"url\":\"https:\/\/new.jeremywhittaker.com\/index.php\/2022\/02\/02\/lords-of-easy-money-and-thomas-hoenig\/\",\"name\":\"Lords of Easy Money and Thomas Hoenig - 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