Summary of Danielle DiMartino Booth's Fed Up

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 The Fed’s decision to lower interest rates to the zero bound in 2008 triggered a worldwide panic that blindsided the Federal Reserve. The Fed’s balance sheet had grown to $4. 5 trillion by 2016, thanks to its quantitative easing policies, which had frozen the economy in motion.

#2 The Fed’s high interest rates in the 1980s killed the steel and auto industries in Erie, Pennsylvania. The zero bound has dealt the region another devastating blow.

#3 The FOMC’s vote during its final meeting of 2008 didn’t come from nowhere. It was part of a long tradition of economic interference by well-meaning bureaucrats, going back to the 1930s.

#4 Because of cheap money and the uncertainty around the regulatory and tax landscape, American corporations have been buying back their shares rather than investing in their future. This has been encouraged by the Fed, which has pulled the plug on long-term investment and compromised high-paying job growth.

• Language: English
• Publisher: IRB Media
• Release date: May 21, 2022
• ISBN: 9798822500457

IRB Media

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Insights on Danielle DiMartino Booth's Fed Up

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 17

Insights from Chapter 18

Insights from Chapter 19

Insights from Chapter 20

Insights from Chapter 21

Insights from Chapter 22

Insights from Chapter 1

#1

The Fed’s decision to lower interest rates to the zero bound in 2008 triggered a worldwide panic that blindsided the Federal Reserve. The Fed’s balance sheet had grown to $4. 5 trillion by 2016, thanks to its quantitative easing policies, which had frozen the economy in motion.

#2

The Fed’s high interest rates in the 1980s killed the steel and auto industries in Erie, Pennsylvania. The zero bound has dealt the region another devastating blow.

#3

The FOMC’s vote during its final meeting of 2008 didn’t come from nowhere. It was part of a long tradition of economic interference by well-meaning bureaucrats, going back to the 1930s.

#4

Because of cheap money and the uncertainty around the regulatory and tax landscape, American corporations have been buying back their shares rather than investing in their future. This has been encouraged by the Fed, which has pulled the plug on long-term investment and compromised high-paying job growth.

#5

The American Dream is being stripped from those who work for a living, while the elite get richer and more powerful. Central bankers have invited politicians to abdicate their leadership authority to an inbred society of PhD academics who are infected to their core with groupthink.

#6

The Federal Reserve is too big to fail, and its existence allows banks to become even bigger. As a result, the Fed has helped cause the massive increase in national debt.

Insights from Chapter 2

#1

I had joined Donaldson, Lufkin Jenrette in 1996 after finishing my MBA in finance and international