Engine of Inequality

The Fed and the Future of Wealth in America

By: Karen Petrou

Narrated by: Randye Kaye

The first book to reveal how the Federal Reserve holds the key to making us more economically equal, written by an author with unparalleled expertise in the real world of financial policy.

Following the 2008 financial crisis, the Federal Reserve's monetary policy placed much greater focus on stabilizing the market than on helping struggling Americans. As a result, the richest Americans got a lot richer while the middle class shrank and economic and wealth inequality skyrocketed. In Engine of Inequality, Karen Petrou offers pragmatic solutions for creating more inclusive monetary policy and equality-enhancing financial regulation as quickly and painlessly as possible. This groundbreaking book: presents practical ways America can and should tackle economic inequality with fast-acting results; provides revealing examples of exactly how bad economic inequality in America has become no matter how hard we all work; demonstrates that increasing inequality is disastrous for long-term economic growth, political action, and even personal happiness; discusses who shares the blame for our economic inequality; and much more.

Engine of Inequality is a must-listen for leaders, policymakers, regulators, media professionals, and all Americans wanting to ensure that the nation's financial policy will be a force for promoting economic equality.

©2021 Karen Petrou (P)2021 Gildan Media

FINALLY A CLEAR EXPLANATION

Karen Petrou has the qualifications and, frankly, courage to finally make clear why it is that, in the midst of a devastation global pandemic, financial markets would be “recovering” and the economy would appear to be improving. This book feels like a warning to be heeded. Our financial system is far from sustainable. If we wait too long to take prescriptions like those she proposes, we’ll be leaving a huge mess to our children - and maybe ourselves.

Don't waste your time.

The author does not have a sufficient understanding of economic or monetary theory. She repeats typical, liberal anti-white sentiments about "inequalities." She ought to read Thomas Sowell's Discrimination and Disparites.

One can be very right on a conclusion, but 100% wrong in how they got there and the causes.

All you need to know is that the author has an agenda detached from reality. Example - the requiring argument that the covid market meltdown was solely a function of an artificial market economy that collapsed under its own weight.

I guess someone should tell her that a decision was made to shutdown most of the economy as she does not seem to understand/ acknowledge any context that does not support her world view.

Had to return.

Narrator sounded like A.I. then the story started making nonsensical economic arguments. I find the title through a PBS Frontline episode. But ultimately the author was making excuses for people taking out debt and racism, etc. I couldn't get past the first hour. This is the first book I've had to return it was so bad.