Manage episode 296694523 series 5173
Let’s get a little controversial today…
Following the 2008 financial crisis, the Federal Reserve’s monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible.
Karen Petrou knows what drives the decisions of federal officials and how big banks respond to financial policy in the real world. Instead of proposing legislation that would never pass Congress, the author provides an insider’s look at politically plausible, high-impact financial policy fixes that will radically shift the equality balance.
- Presents practical ways America can and should tackle economic inequality with fast-acting results - Provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work - Demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness - Explains why your bank’s interest rates are still only a fraction of what they were even though the rich are getting richer than ever, faster than ever - Reveals the dangers of FinTech and BigTech companies taking over banking - Shows how Facebook wants to control even the dollars in your wallet - Discusses who shares the blame for our economic inequality, including the Fed, regulators, Congress, and even economists
Bio: Karen Petrou is one of the most influential experts on financial policy and regulation in the world. She is cofounder and Managing Partner of Federal Financial Analytics, a consulting firm that provides analysis and advisory services on legislative, regulatory, and public-policy issues.
In this episode of Trend Following Radio:
The Big Short Movie Gross Domestic Product (GDP) Jeff Bezos and Mark Zuckerberg United States Income Rates Market Collapse in 2021 Equity Market Engine of Inequality Causes of Economic Inequality Remote Education Economic Inequality in the United States Americans Without Broadband Access Changing the Fed and Banking System