New Data Shows Federal Reserve Is Causing More Inequality

Zero Hedge -

Zero Hedge—Authored by Ryan McMaken via The Mises Institute, Back in August, Bloomberg interviewed Karen Petrou about her research on quantitative easing and the Fed's policies since the 2008 financial crisis. What she has discovered has not been encouraging for people who aren't already high-income, and in recent research presented to the New York Fed, she concluded "Post-crisis monetary and regulatory policy had an unintended but nonetheless dramatic impact on the income and wealth divides.” This...

New Data Shows Federal Reserve Is Causing More Inequality. As the Federal Reserve has become more interventionist, more inflationary, and more prone to regulate the private sector, incomes have stagnated