Inequality Poised For Comeback In Election Year. (Not That It Ever Left)
We all know the narrative: Inequality worsened materially as a result of the monetary policy response to the global financial crisis.
To be sure, the Fed had little choice but to do what it did. Or some version of what it did. The situation was quite dire in September and October of 2008. The world very nearly ended. I remember it vividly.
The problem for Main Street (in addition to the annoying imperative of bailing out Wall Street) was that Ben Bernanke appeared to underestimate the efficien
Inequality where rich and poor both get richer is better than inequality where rich get richer and poor get poorer. In my opinion. Disinflation and good labor market gives hope for the former this year.