Age of Easy Money (Full-length Film Audio Track)
The FRONTLINE Dispatch
00:00
The Fed and Monetary Policy
Stieglitz: The way quantitative easing works is that it's a lowering of the interest rates that leads stocks to go up. He worried at the time that by stoking the stock market so aggressively it was exacerbating economic inequality. "We had had increasing inequality really since the late 70s, and this was putting that on steroids," Stieglitz says.
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