3 ms·
Inequality has been largely driven by fiscal policy and this has been going on for some time, decades at least (if not centuries). I'm not a federal reserve ba
by mythrwy 5y ago
Inequality has been largely driven by fiscal policy and this has been going on for some time, decades at least (if not centuries).
I'm not a federal reserve basher, I understand the purpose. But some policies they promoted have resulted in unaffordable housing and those with assets already becoming extremely wealthy while the lower tiers increasingly struggle to get by.
Perhaps in sum the policies have made the nation more wealthy or improved GDP numbers, so perhaps it's a tradeoff they felt worthwhile (or else they inherited a situation which left them with little choice).
Stan Drukenmiller gave an interview about this recently.
https://twitter.com/i/status/1393965498618978308 https://twitter.com/i/status/1393965498618978308