
IPFS News Link • Federal Reserve
Who Said It 13 Years Ago?: "Mr. Greenspan, You Are Way Out Of Touch"
• Zero HedgeIn fact, the firebrand senator from Vermont hates inequality worse than just about anything else in the world, and he's pretty clearly willing to make the federal government even more bankrupt than it already is if it means leveling the playing field for the country's beleaguered masses who have been forced to watch as trillions in QE have made the likes of Jamie Dimon and Lloyd Blankfein billionaires even as wage growth for everyday Americans remains stuck in neutral.
Make no mistake, a big part of why the haves are increasingly better off than the have-nots in America is Fed policy. By inflating the value of the assets most likely to be concentrated in the hands of the rich, you are deliberately exacerbating income inequality. Or, as Hank Paulson put it: "we made it wider!"