Pitchfork Economics with Nick Hanauer cover image

How neoliberalism captured Democrats (with James Kwak)

Pitchfork Economics with Nick Hanauer

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The Long Term Effects of the Financial Crisis and Great Recession

i think not. We did not just have a housing bubble and a collapse in this scary moment in two thousand and eight, but the long term kind of wealth effects of the of the financial crisis and great recessionere were extremely inequality increasing. At the very top, people's wealth is largely based on their stockportfolios, which, as we know, have triples, o maybe quadrupled, since two thousand nine. And in the middle class below, people’s wealth is basiclly dit the value of their houses, which have not come backa second example, again, popably familiar to much of the audiences, was, again, a bypartisan accomplishment in 19 92

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