Engine of inequality : the fed and the future of wealth in America
Author
Published
Hoboken, New Jersey : John Wiley & Sons, Inc., [2021].
Status
Available Online
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Format
Language
English
ISBN
9781119730057, 1119730058, 9781119727538, 1119727537
Notes
Bibliography
Includes bibliographical references and index.
Description
"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 tackling economic inequality reflect the critical concerns they've been hearing from angry, frustrated Americans every day. However, the candidates' plans all have one glitch in common: They have no chance of becoming law. Redistributive bills with new taxes will never be approved in a politically divided government, but Petrou has a remarkably potent solution for reducing economic inequality that no one has even considered -- a fix in keeping with current law that would be quick and would involve no political obstruction or pain"-- Provided by publisher.
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O'Reilly O'Reilly Online Learning: Academic/Public Library Edition
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Citations
APA Citation, 7th Edition (style guide)
Petrou, K. (2021). Engine of inequality: the fed and the future of wealth in America . John Wiley & Sons, Inc..
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)Petrou, Karen. 2021. Engine of Inequality: The Fed and the Future of Wealth in America. Hoboken, New Jersey: John Wiley & Sons, Inc.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)Petrou, Karen. Engine of Inequality: The Fed and the Future of Wealth in America Hoboken, New Jersey: John Wiley & Sons, Inc, 2021.
Harvard Citation (style guide)Petrou, K. (2021). Engine of inequality: the fed and the future of wealth in america. Hoboken, New Jersey: John Wiley & Sons, Inc.
MLA Citation, 9th Edition (style guide)Petrou, Karen. Engine of Inequality: The Fed and the Future of Wealth in America John Wiley & Sons, Inc., 2021.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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Grouped Work ID
4f40891a-9c38-1419-1c6e-6d10cda07a26-eng
Grouping Information
| Grouped Work ID | 4f40891a-9c38-1419-1c6e-6d10cda07a26-eng |
|---|---|
| Full title | engine of inequality the fed and the future of wealth in america |
| Author | petrou karen |
| Grouping Category | book |
| Last Update | 2025-01-24 12:33:29PM |
| Last Indexed | 2025-02-27 03:16:21AM |
Book Cover Information
| Image Source | contentCafe |
|---|---|
| First Loaded | Jan 8, 2025 |
| Last Used | Jan 8, 2025 |
Marc Record
| First Detected | Dec 16, 2024 11:16:47 PM |
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| Last File Modification Time | Dec 17, 2024 08:16:35 AM |
| Suppressed | Record had no items |
MARC Record
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| 050 | 0 | 4 | |a HN90.S6|b P48 2021 |
| 082 | 0 | 0 | |a 305.50973|2 23 |
| 100 | 1 | |a Petrou, Karen,|e author. | |
| 245 | 1 | 0 | |a Engine of inequality :|b the fed and the future of wealth in America /|c Karen Petrou. |
| 264 | 1 | |a Hoboken, New Jersey :|b John Wiley & Sons, Inc.,|c [2021] | |
| 300 | |a 1 online resource (xxi, 258 pages) :|b illustrations (some color) | ||
| 336 | |a text|b txt|2 rdacontent | ||
| 337 | |a computer|b c|2 rdamedia | ||
| 338 | |a online resource|b cr|2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a 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. | |
| 505 | 8 | |a 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. | |
| 520 | |a "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 tackling economic inequality reflect the critical concerns they've been hearing from angry, frustrated Americans every day. However, the candidates' plans all have one glitch in common: They have no chance of becoming law. Redistributive bills with new taxes will never be approved in a politically divided government, but Petrou has a remarkably potent solution for reducing economic inequality that no one has even considered -- a fix in keeping with current law that would be quick and would involve no political obstruction or pain"--|c Provided by publisher. | ||
| 588 | |a Description based on online resource; title from digital title page (viewed on March 31, 2021). | ||
| 590 | |a O'Reilly|b O'Reilly Online Learning: Academic/Public Library Edition | ||
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| 650 | 0 | |a Equality|z United States|x History|y 21st century. | |
| 650 | 0 | |a Monetary policy|z United States.|9 83089 | |
| 650 | 0 | |a Income distribution|z United States.|9 81241 | |
| 651 | 0 | |a United States|x Economic policy|y 21st century. | |
| 651 | 6 | |a États-Unis|x Politique économique|y 21e siècle. | |
| 651 | 7 | |a United States|2 fast | |
| 655 | 7 | |a History|2 fast | |
| 758 | |i has work:|a Engine of Inequality (Text)|1 https://id.oclc.org/worldcat/entity/E39PCGPGVC4gY8ctXR7cjWQ4jd|4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version:|a Petrou, Karen.|t Engine of inequality|b First Edition.|d Hoboken : Wiley, 2021.|z 9781119726746|w (DLC) 2021010989 |
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