The Impact of America's Slow Payment System on Income Inequality

Aaron Klein addresses the costs of America’s slow and antiquated payment system and its contribution to economic inequality with The FinReg Pod host Lee Reiners. Klein is a fellow in Economic Studies and policy director of the Center on Regulation and Markets at the Brookings Institution. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy.

 

For more on this topic, check out these articles written by Aaron Klein: 

 

Real-time payments can help combat inequality: https://www.brookings.edu/opinions/real-time-payments-can-help-combat-inequality/

 

The fastest way to address income inequality? Implement a real-time payment system: https://www.brookings.edu/research/the-fastest-way-to-address-income-inequality-implement-a-real-time-payment-system/

 

Want to contact the show? Reach out to reiners@law.duke.edu

 

Interested in learning more about issues in financial regulation and policy? Check out the Global Financial Markets Center’s blog: https://sites.duke.edu/thefinregblog/

 

You can learn more about the Global Financial Markets Center by visiting our website: https://law.duke.edu/globalfinancialmarkets/