The Federal Reserve has been blamed by many for the rampant wealth inequality in the US, primarily because of “quantitative easing” (QE) — creating money seemingly out of thin air. But while they may have a role in wealth inequality, it’s more nuanced than it seems. Japan, the Eurozone, and the United Kingdom all did more QE than the US yet have less wealth inequality. Thus, instead, it’s put forth that central banks don’t have as big of an effect on wealth inequality when compared to fiscal policies. Read full article here
