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Danielle DiMartino Booth: Middle Class Crisis and Why the Fed Can't Fix the "Silent Recession"

Coin Stories

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Economic Divide and Monetary Pressures

This chapter explores the widening economic gap, examining the financial struggles of the middle class and the contrasting fortunes of the wealthy. It critiques the government's optimistic economic narratives against the backdrop of rising credit delinquencies, unstable job markets, and high consumer prices. Additionally, the chapter addresses the complexities of monetary policy and its uncertain impact on a diverse consumer landscape amid inflationary pressures.

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