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Is The Federal Reserve An "Engine of Inequality"?

Is The Federal Reserve An "Engine of Inequality"?

FromCapitalisn't


Is The Federal Reserve An "Engine of Inequality"?

FromCapitalisn't

ratings:
Length:
44 minutes
Released:
Apr 22, 2021
Format:
Podcast episode

Description

What is causing the widening wealth gap in America? People point fingers in many different directions, but a fairly new idea is to blame The Federal Reserve.

In a new book, "Engine of Inequality: The Fed and The Future of Wealth In America", Karen Petrou, a managing partner at Federal Financial Analytics, argues that The Fed's ultra-low interest rate policy has benefited the wealthy at the expense of the poor.
Released:
Apr 22, 2021
Format:
Podcast episode

Titles in the series (100)

Is capitalism the engine of destruction or the engine of prosperity? On this podcast we talk about the ways capitalism is—or more often isn’t—working in our world today. Hosted by Vanity Fair contributing editor, Bethany McLean and world renowned economics professor Luigi Zingales, we explain how capitalism can go wrong, and what we can do to fix it. Cover photo attributions: https://www.chicagobooth.edu/research/stigler/about/capitalisnt