(Oct. 28, 2016) Populist politicians, among others, have claimed in recent years that monetary policy is too easy and that it is hurting ordinary workers. But raising interest rates is not the way to address income inequality.
The Fed and Inequality
Category Archives: inequality
A Radical Solution to the Fundamental Flaws in US Politics: Vote!
(Sept. 26, 2016) The train of American electoral politics has gone further and further “off the rails” in recent decades. A number of suspected culprits have been identified as the specific fundamental flaw in the system that needs to be fixed. Gerrymandering. Campaign finance. Economic inequality. “False balance” in the media.
Stagnant Wages Do Not Explain Trump
(April 5, 2016) The mainstream media are busily reproaching themselves for having been so out of touch with the economic troubles of angry white working men that they were late in taking Donald Trump’s presidential campaign seriously.