MBB - Blame (Or Thank) The Fed For Meteoric Wealth Inequality
The Federal Reserve catches flak from individuals in the investment community with some frequency, and not without merit. It's a leitmotif that the reigning monetary policy regime along with trillions of dollars of Quantitative Easing have exacerbated income and wealth inequality. It's worth briefly reflecting on this.
The purpose of the present article is to demonstrate the veracity of the refrain that the Fed, and central banks more broadly, have indeed compounded inequality.
Source: thehill.com
The Inequality Issue
We've all seen charts like this one:
"X" marks the spot. From vox.com
There is no consensus