How ‘equity’ policy at the Federal Reserve will deepen racial inequality

"...the 'solution' creates two new problems. Low interest rates and inflation punish savers and reward investors by making more capital available and driving people to seek a higher rate of return in the stock market. The study found that a monetary shock would raise stock prices by 5%, raising the annual incomes of white people by 200% to 300% more than those of blacks." - Acton

565 reads

There is 1 Comment

josh p's picture

Good article. The fed is disastrous enough without adding racial equality to its agenda.