Prof. Steve Hanke: Federal Reserve aggravated inequality more than ANY INSTITUTION in the US government

Prof. Steve Hanke: Federal Reserve aggravated inequality more than ANY INSTITUTION in the US government ‘You want to have a monetary policy that’s as neutral as you possibly can make it. Not favouring one group or another group. That’s the key. And as I went over the statistics earlier, who made out when we had this huge explosion in the money supply during the pandemic and the inflation that followed and the asset price boom that followed? Well, rich people did. The Federal Reserve, by not following a neutral monetary policy, actually aggravated the income distribution and distorted it more, more than any other institution in the United States government.’ -Prof. Steve Hanke on the latest episode of Going Underground FULL INTERVIEW: Source: Going Underground