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19min chapter
As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains
Geopolitical Economy Report
Monetary Policies and Wealth Inequality
This chapter analyzes the ramifications of the US government's monetary policies over the last 15 years, focusing on the role of low interest rates and quantitative easing in inflating asset prices and exacerbating wealth inequality. The discussion critiques the financial strategies of corporations and the exploitative nature of pension funds seeking returns, while questioning the sustainability of increasing debt levels. Emphasizing the disconnect between financial incentives for the elite and the realities faced by average workers, the chapter calls for a reevaluation of economic policies to address deep-rooted financial issues.
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