Federal Reserve

So am I and so are most decent people.  So bravo Janet, you are a decent person.  You are greatly concerned about inequality in this richest nation on earth.

Yellen says she’s ‘greatly’ concerned by rising inequality

Now let’s work the details…

“It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority,” Yellen said in a speech to a conference on inequality sponsored by the Boston Fed.

It is also no secret that manipulating short-term interest rates toward zero kills regular peoples’ ability to save.  It creates and furthers a wealthy investor class directly at the expense of the public, who have traditionally been savers.

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