Income Inequality: Who Does the Fed’s Janet Yellen Think She’s Fooling?

Fed Reserve boss Janet Yellen has taken to the stump to point out “income inequality,” an amorphous phrase indicating everybody except the elite are losing out economically. The past several decades have seen the most sustained rise in inequality since the 19th century after more than 40 years of narrowing inequality following the Great Depression,” she said on Friday. “By some estimates, income and wealth inequality are near their highest levels in the past hundred years, much higher than the average during that time span and probably higher than for much of American history before then.” “I think it is … Continue reading Income Inequality: Who Does the Fed’s Janet Yellen Think She’s Fooling?