Engine of inequality : the fed and the future of wealth in America / Karen Petrou.
"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...
Saved in:
| Online Access: |
Full Text (via O'Reilly/Safari) |
|---|---|
| Main Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
Hoboken, New Jersey :
John Wiley & Sons, Inc.,
[2021]
|
| Subjects: |
Table of Contents:
- Cover
- Title Page
- Copyright
- Contents
- Acknowledgments
- About the Author
- Introduction
- Chapter 1 Inequality: Why It's So Much Worse and What to Do About It
- What We Know about Inequality that Economists Don't
- The Economic-Recovery Mirage
- Why So Unequal So Fast?
- Regulatory Wreckage
- How to Fix Financial Policy
- Chapter 2 How Unequal Are We?
- Economic Inequality Fundamentals
- Who Has How Much
- What of Wealth?
- The Inequality Engine
- Worse Than That
- The Most Inclusive Ever?
- The Great Financial Crisis and Its Equality Aftermath
- Chapter 3 What Makes Us So Unequal
- The Mechanical Engineering of Economic Inequality
- Death and Taxes
- The Role of Transfer Payments
- A Supply-Side Solution?
- Public Wealth: A Sputtering Part in the Equality Engine
- Is Education the Answer?
- Is Trade Policy a Problem?
- Global Policy Reform?
- What to Do?
- Chapter 4 Why Does Economic Inequality Matter So Much?
- Inequality and Mortality
- Political Polarization
- Inequality's Eviscerating Cost
- Inequality and the Long Recession
- Financial-Crisis Risk
- Chapter 5 Following the Money
- How Central Banks Work
- The Modern Monetary-Policy Construct
- The Fed's Bailout Buckets
- The Fed's Payment Powers
- Rules of the Financial Road
- Four Fundamental Financial-Policy Flaws
- Chapter 6 How Monetary Policy Made Most of Us Poorer
- The Fed's Heavy Hand
- Why It's the Fed's Fault
- How Ultra-Low Interest Rates Made America Still Less Equal and QE Still More Inequitable
- The High Cost of Low-Rate Debt
- The Low-Unemployment Myth
- The Anti-Wealth Effect
- Making Matters Still Worse
- A Bigger Fed, Lower Rates, an Extreme Financial Crisis
- Chapter 7 How to Make Monetary Policy Make Us More Equal
- The Aggregate-Data Error
- The Fed's Real Mandate
- The Fourth Mandate.
- The Fed's Giant Faucet
- Possible Solutions
- Slowing the Inequality Engine
- Chapter 8 Reckoning with Regulation
- Consumer Finance Before the Crash
- Are Debtors Just Deadbeats?
- Are Banks to Blame?
- The Businesses Banks Left Behind
- Other Precursors of the Crash That Came
- Capitalism and Capital Regulation
- A Capital Cure
- Going with the Flow
- Death without Destruction
- The Consumer-Protection Quagmire
- An Unreadable Rulebook Thrown Only at Banks
- The Bleak Outlook and a Better Future
- Chapter 9 Remaking Money
- What Money Is and Will Be
- The Great Unequalizer
- Turning Money into Data
- What Makes Money Good Money
- Crafting a Good Digital Dollar
- How Money Moves
- The Central-Bank Solution
- Chapter 10 Rules to Equitably Live By
- Why Not Just Deregulate?
- Learning to Love Like-Kind Rules
- The Specifics of Symmetric Regulation
- Raising Up the Regulatory Playing Field
- Building a New, Equality-Focused Banking System
- Banking While Mailing
- Establishing Equality Banks
- New Money for a New Mission
- Chapter 11 Financial Policy for an Equitable Future
- Turning the Fed into a Force for Good
- The Fed's Failings
- The Fed's Equality Toolkit
- The First Fix: Understanding America as It Is
- The Second Fix: Set an Equality Plan and Say So
- The Third Fix: A Far Smaller Fed Portfolio
- The Fourth Fix: Normal, Moderate Interest Rates
- The Final Fix: Ensuring Financial Stability
- Ending the Doom Loop
- The Future of Equitable Finance
- Notes
- Index
- EULA.