The Vulnerability of the US Financial System

This chapter discusses the instability of the US financial system, focusing on the Federal Reserve's role in creating asset bubbles and the use of quantitative easing. It highlights issues such as inflated stock market values, the practice of stock buybacks, and the lack of improvement in people's lives despite economic growth. The chapter also touches on unemployment figures, stagnant wages, and the comparison of disposable income between the US and China.