Occupation: Author Birth: November 6, 1935
Pain is a message asking for our help..
QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other non-standard ….
People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility becaus….
Here's the interesting thing: the fact that QE and lowering interest rates almost to zero has worsened inequality, does not mean that raising interes….
When we give up our goals and concentrate diligently on the practices of our lives, we increase self-mastery and move toward the invisible universe, ….
The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the ….
Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then go back to the f….
Raising interest rates might lead to some initial reductions in wealth by lowering asset prices, but it could also take a bite out of your paycheck a….
The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to support a variety ….
There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This is especial….
Most progressive critics don't want to destroy the power of the Fed to regulate the macroeconomy and finance. They want to regain control over it so ….
Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the ….
Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth..
The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government, to improve the economy from the bo….
The Fed has a lot of power in the economy because it has a big impact on the supply and cost of credit, that is, interest rates. It also plays a key ….
Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while hav….
Many of those on the right distrust the Fed and want to eliminate its power in the belief that the private economy, including the private banks, will….
What does remembering ourselves mean? It essentially means coming back to life- re-membering..
The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient the Fed so that it will stop ….