From The Prologue:

"... the focus of this book is on the role that the U.S. Federal Reserve played in our painful national decline. It goes without saying, or writing, that the Fed, as it is popularly known, did not intentionally precipitate this unfortunate outcome. Nevertheless, it has repeatedly resorted to extreme monetary policies since the late 1990s tech bubble imploded. It has also consistently asserted that these radical measures were temporary. Yet, other than for brief periods, especially since 2008, it has maintained them, lending credence to the old saying by Milton Friedman (and Ronald Reagan) that there is nothing so permanent as a temporary government program.

The goal of this book isn’t to assign blame, though there is an abundance of that to go around. Rather, it’s my contention that objectively evaluating what the Fed has done — and the long-term ramifications of its actions – is essential in determining if it played a key role in America’s twenty-year deterioration. If so, a radical overhaul of the Fed is needed before it inflicts even more damage in terms of bubble inflations and social stratification."