How the Fed Boosts the 1%: Even the Upper Middle Class Loses Share of Household Wealth to the 1%. Bottom Half Gets Screwed

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It is bizarre to see the Fed present data showing the Gilded Age level of wealth accumulation by the 1% as if that were a badge of honor.

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#economic fundamentals
#income disparity
#investment management
#federal reserve
#private equity
#free markets and their discontents
#social policy
#the destruction of the middle class
#guest post