“The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient the Fed so that it will stop protecting the interests of finance and protect the interests of the broader population instead.” WantInterestProtectIncreasePopulationFinanceFeds Author:Gerald Epstein
“There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This is especially true of mortgage backed securities and corporate bonds, and quite possibly of equities as well. For those people and institutions holding those things, the run up in prices has been a wealth bonanza.” PeopleWellsHas BeensRunningWealthNumbersEconomyDoubtSecurityMajorsIncreaseInstitutionsScalesCorporateNo DoubtFedsAssetsEquityMortgageLarge ScaleCorporate Bond Author:Gerald Epstein
“Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.” PeopleIfsHelpingBigsMightBitsGrowthEconomicEffectsHavensOrdinaryThirdsIncreaseImpactRaisedRoundsSignificantEmploymentInequalityWealthyAssetsWagesOrdinary PeopleEconomic GrowthLendingPositive ImpactHaving StrengthBig Impact Author:Gerald Epstein
“Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.” GrowthInterestIncreaseRateEmploymentInequalityReducingInterest Rate Author:Gerald Epstein
“When we give up our goals and concentrate diligently on the practices of our lives, we increase self-mastery and move toward the invisible universe, toward Spirit, to receive the wonders and miracles the universe has to offer us.” LifeGivingSelfMovingSpiritUniverseGoalWonderPracticeOur LivesOffersGiving UpMiracleIncreaseInvisibleMasterySelf Mastery Book:Kabbalah for Inner Peace: Imagery and Insights to Guide You Through Your Day Source: Kabbalah for Inner Peace: Imagery and Insights to Guide You Through Your Day
