How the FED’s QE Contributed to Inequality
Wall Street and wealthy Americans are in fact the biggest winners from policies like quantitative easing, while Main Street Americans have seen little improvement in their economic lives. A more broadly based fiscal policy response might have engendered a recovery less skewed toward the haves, rather than the have nots. End result? Inequality is getting worse, people are getting a lot angrier and we get political phenomena like Donald Trump.
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