Doe Quote by Gerald Epstein

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

— Gerald Epstein

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

— Gerald Epstein

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

— Gerald Epstein

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

— Gerald Epstein

Giving a minimum wage reduces inequality significantly.

— Winnie Byanyima

Logically, it may be argued that banks could indeed lower interest rates and make up their profits through larger borrowing volumes. But banks, in…

— Sucheta Dalal

“Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive…

— McConnell Campbell

A lower interest rate doesn't make a debt go away.

— Dave Ramsey

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

— Marek Belka

Rising inequality can create a more highly leveraged economy, and it can then make the economy vulnerable to a crash like 2008.

— Adair Turner, Baron Turner of Ecchinswell

It would be helpful if someone would lay out exactly the economic mechanism that gets us from yet lower interest rates to actual economic…

— Jerry A. Webman

The crisis and recession have led to very low interest rates, it is true, but these events have also destroyed jobs, hamstrung economic growth…

— Ben Bernanke