Handmaids Of Wall Street—Trickle Down Still Doesn’t Work (Part 2)

The Fed’s explicit pro-inflation policy is profoundly anti-middle class. That’s because it works through the mechanism of financial asset prices, rendering it structurally subservient to the traders, speculators and money shufflers of Wall Street. On this matter, in fact, the data leave no room for doubt. Since the late 1980s when Greenspan completed the Fed’s […]