4min chapter

Let's Appreciate cover image

The Fed’s Goal? Getting the Economy on a Sustainable Path

Let's Appreciate

CHAPTER

Fed Policy and the Wealth Disparity

High inflation is what we would call a regressive tax. It's hitting those who are at least able to bear it, he says. Those at the bottom in the middle of the income distribution just don't hold very many assets,. He adds: "You can't actually acquire an asset if you don't have wages"

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