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Tuesday, June 02, 2015

interfluidity � Bernanke on monetary policy and inequality

interfluidity � Bernanke on monetary policy and inequality:





The expansion of inequality since 1980 is a devil with many fathers. But it was not an inexorable fact of nature. It was the product of politics and policy and institutional arrangements that stripped US workers of bargaining power, and stripped US capital of tax obligations and ties to community. The Fed played a role in those arrangements, and not an unimportant role.

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