Engine of Inequality: The Fed and the Future of Wealth in America

"Economic inequality in America is on fire. The heat was rising in 2011 when Occupy Wall Street railed against the 1%, and then in 2016, when populist presidential candidates of both parties attracted fervent support. Now we see it in the platforms of 2020 candidates, whose policy proposals for tackling economic inequality reflect the critical concerns they've been hearing from angry, frustrated Americans every day. However, the candidates' plans all have one glitch in common: They have no chance of becoming law. Redistributive bills with new taxes will never be approved in a politically divided government, but Petrou has a remarkably potent solution for reducing economic inequality that no one has even considered -- a fix in keeping with current law that would be quick and would involve no political obstruction or pain"--… (more)