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The Fed’s addiction to cheap money benefits Wall Street while fueling inequality

Wise, David W. (2021) The Fed’s addiction to cheap money benefits Wall Street while fueling inequality. USApp – American Politics and Policy Blog (28 Jan 2021). Blog Entry.

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Abstract

Since the Great Financial Crisis of 2008, the US Federal Reserve and other Central Banks have kept interest rates low, with the stated purpose of promoting economic recovery. But, writes, David W. Wise, rather than boosting the real economy, these low interest rate policies have artificially inflated financial markets and driven inequality through soaring asset prices.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/usappblog/
Additional Information: © 2021 The Author
Divisions: LSE
Subjects: H Social Sciences > HV Social pathology. Social and public welfare. Criminology
J Political Science > JK Political institutions (United States)
H Social Sciences > HG Finance
Date Deposited: 17 Mar 2021 12:15
Last Modified: 11 Aug 2021 23:03
URI: http://eprints.lse.ac.uk/id/eprint/108831

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