Summary of Lev Menand's The Fed Unbound

Please note: This is a companion version & not the original book. Book Preview: #1 As schools and businesses shut down, the Fed went into overdrive. Alongside COVID-19, another disease was spreading, and its progress could not be halted using N-95s or social distancing. This disease moved faster than any virus, and threatened economic harm as great as the pandemic itself. #2 A panic is when a shock causes an initial round of selling, which in turn causes more selling. This downward spiral ca