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Olduvai III: Catacylsm
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How Central Banks Widen Wealth and Income Gaps

November 10, 2017

How Central Banks Widen Wealth and Income Gaps The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that […]

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Low Interest Rates Subsidize Wealthy Households

October 30, 2017

LOW INTEREST RATES SUBSIDIZE WEALTHY HOUSEHOLDS  When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]

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Low Interest Rates Subsidize Wealthy Households

October 22, 2017

Low Interest Rates Subsidize Wealthy Households When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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