Buckle your seat belt. Chris Leonard, author of The Lords of Easy Money, explains in searing detail how the Federal Reserve’s years of easy money have led to bank failures, market turmoil, income inequality and more — and why the necessary corrective action is “going to be really ugly.” Major mistakes were made. Now what?

Chris Leonard's book, The Lords of Easy Money, was The Wall Street Journal's Best Book of the Year and a New York Times bestseller.