Engine of inequality: the fed and the future of wealth in america Ebook

In Engine of Inequality, Petrou brings her unparalleled, real-world knowledge of how big banks think, and what really drives the decisions of federal officials, to give readers an inside look at this previously unknown cause of U.S. income and wealth inequality. She begins with numerous, revealing examples of exactly how bad economic inequality in America has become. She then explains the practical ways America can and should be tackling the problem, without Congressional approval. Readers will also get the lowdown on: The danger to consumers of a Facebook cryptocurrency — and of fintech firms taking on banking functions Why the interest rate at your bank is still only a fraction of what it was before the 2008 financial crisis, and has made many much poorer Who shares the blame for our current inequality, including the Fed, Congress, economists, bankers and bank regulators Why increasing inequality is disastrous for our long-term economic growth