Central Banks as Engines of Income Inequality and Financial Crisis
NOVANEWS
By Jack Rasmus
Global Research
My just published book, ‘Central Bankers at the End of Their Rope?: Monetary Policy and the Coming Depression’, Clarity Press, July 2017, is now available for immediate purchase on Amazon.com, as well as from this blog. (see book icon)
The following is an excerpt from an article by the title of this blog post, that appears in ‘Z magazine’s September 1 issue–describing how central bank policies have become a major contributor to income inequality, subsidizing and boosting capital incomes, as well as now are a primary cause of recurrent financial crises.
“This September 2017 marks the nineth year since the last major financial crisis erupted in 2008. In that crisis investment banks Bear Stearns and Lehman Brothers collapsed. So did the Fanni...