Gerald Epstein

Many of those on the right distrust the Fed and want to eliminate its power in the belief that the private economy,…

— Gerald Epstein

QE and other aspects of Fed policy increased inequality pretty significantly. This is reinforced if you take into account all the other…

— Gerald Epstein

The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to…

— Gerald Epstein

Raising interest rates might lead to some initial reductions in wealth by lowering asset prices, but it could also take a bite…

— Gerald Epstein

Pain is a message asking for our help.

— Gerald Epstein

What does remembering ourselves mean? It essentially means coming back to life- re-membering.

— Gerald Epstein

Most progressive critics don't want to destroy the power of the Fed to regulate the macroeconomy and finance. They want to regain…

— Gerald Epstein

There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the…

— Gerald Epstein

Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while…

— Gerald Epstein

The Fed has a lot of power in the economy because it has a big impact on the supply and cost of…

— Gerald Epstein

The Fed needs to adopt new tools, on its own and perhaps in cooperation with the other parts of the US government,…

— Gerald Epstein

The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall…

— Gerald Epstein

The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient…

— Gerald Epstein

Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.

— Gerald Epstein

Here's the interesting thing: the fact that QE and lowering interest rates almost to zero has worsened inequality, does not mean that…

— Gerald Epstein

Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and…

— Gerald Epstein

When we give up our goals and concentrate diligently on the practices of our lives, we increase self-mastery and move toward the…

— Gerald Epstein

People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed…

— Gerald Epstein

Bankers themselves govern the Fed to some extent, and then there's the classic revolving door where Fed officials come from and then…

— Gerald Epstein