Inequality: Is the Fed to blame?

The case that the Federal Reserve's quantitative easing widened the gap between rich and poor is appealingly simple: The Fed bought a lot of bonds, that pushed investors into stocks, real estate and other assets. The rich hold more of those assets so they benefitted more than everyone else. But is that correct? Watch the video to find out: Would there have been more or less inequality had the Fed done nothing after it cut interest rates to zero in 2008? Would the unemployment rate have risen even more than it did? Would Congress have done more on the spending and tax front had the Fed done......(read more)

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