Season 2 · Episode 17
Is The Federal Reserve An "Engine of Inequality"?
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.
April 22, 202143m 58s
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Show Notes
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.
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Topics
economicswealth gapbethany mcleanuniversity of chicago podcast networkucpnbusiness podcastbusinesscapitalisn'tluigi zingaleskaren petrouwealtheconomics podcaststigler centerthe feduniversity of chicagoinequalitythe federal reserve