Engine of Inequality. Karen Petrou

      

      Table of Contents

      1  Cover

      2  Title Page

      3  Copyright

      4  Dedication

      5  Acknowledgments

      6  About the Author

      7  Introduction Notes

      8  Chapter 1: Inequality: Why It's So Much Worse and What to Do About It What We Know about Inequality that Economists Don't The Economic-Recovery Mirage Why So Unequal So Fast? Regulatory Wreckage How to Fix Financial Policy Notes

      9  Chapter 2: How Unequal Are We? Economic Inequality Fundamentals Who Has How Much What of Wealth? The Inequality Engine Worse Than That The Most Inclusive Ever? The Great Financial Crisis and Its Equality Aftermath Notes

      10  Chapter 3: What Makes Us So Unequal The Mechanical Engineering of Economic Inequality Death and Taxes The Role of Transfer Payments A Supply-Side Solution? Public Wealth: A Sputtering Part in the Equality Engine Is Education the Answer? Is Trade Policy a Problem? Global Policy Reform? What to Do? Notes

      11  Chapter 4: Why Does Economic Inequality Matter So Much? Inequality and Mortality Political Polarization Inequality's Eviscerating Cost Inequality and the Long Recession Financial-Crisis Risk Notes

      12  Chapter 5: Following the Money How Central Banks Work The Modern Monetary-Policy Construct The Fed's Bailout Buckets The Fed's Payment Powers Rules of the Financial Road Four Fundamental Financial-Policy Flaws Notes

      13  Chapter 6: How Monetary Policy Made Most of Us Poorer The Fed's Heavy Hand Why It's the Fed's Fault How Ultra-Low Interest Rates Made America Still Less Equal and QE Still More Inequitable The High Cost of Low-Rate Debt The Low-Unemployment Myth The Anti-Wealth Effect Making Matters Still Worse A Bigger Fed, Lower Rates, an Extreme Financial Crisis Notes

      14  Chapter 7: How to Make Monetary Policy Make Us More Equal The Aggregate-Data Error The Fed's Real Mandate The Fourth Mandate The Fed's Giant Faucet Possible Solutions Slowing the Inequality Engine Notes

      15  Chapter 8: Reckoning with Regulation Consumer Finance Before the Crash Are Debtors Just Deadbeats? Are