Federal Reserve is Throwing Workers Out of Work to Save the Rich
Economists Gerald Epstein and Aaron Medlin’s data shows the paradox of ignoring employment and choosing to throw workers out of work has persisted over time at the Federal Reserve.
Economists Gerald Epstein and Aaron Medlin’s data shows the paradox of ignoring employment and choosing to throw workers out of work has persisted over time at the Federal Reserve.
Banking and finance are essential to a modern economy, but they don’t have to be privately owned to do it. The Federal Reserve must be transformed to create a system of publicly-owned banks. Gerald Epstein joins Paul Jay on theAnalysis.news podcast.
The Federal Reserve has been subsidizing the megabanks, but what’s needed is an institution that provides the backstop, the loan guarantees, the subsidies, the lines of credit, et cetera, to support the development of a whole variety of public financial institutions. Gerald Epstein on theanalysis.news podcast with Paul Jay.
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