Tag Archives: zero interest rate policy

Ending a Taking Economy and Creating a Giving Economy (Part 1)

Ending a Taking Economy and Creating a Giving Economy: Confronting the Zero Interest Rate Policy (ZIRP) and Taking Effective Action by Zeus Yiamouyiannis (guest essay) Introduction The world can no longer afford a taking economy, where “make a killing” is … Continue reading

Posted in General | Tagged , , | 2 Comments

What’s the Primary Cause of Wealth Inequality? Financialization

Financialization results when leverage and information asymmetry replace innovation and productive investment as the source of wealth creation. Emmanuel Saez and Thomas Piketty are leading lights in the exploration of rising wealth inequality. Both are academic economists who have devoted considerable … Continue reading

Posted in Business / Economics, Politics / World News | Tagged , , , , , , | 3 Comments