Fed Chair Wants to Know: ‘How Do Some Places Advance Economically?’ (‘inequality’ barf)

Cybercast News Service ^ | April 2, 2015 - 11:51 AM | Ali Meyer

[Olog-hai]

Federal Reserve Chairwoman Janet Yellen called for more research into widening inequality in the United States during a speech at the Federal Reserve Community Development Research Conference in Washington, D.C., on Thursday.

“How do some places advance economically and create circumstances in which residents in turn are more likely to thrive?” Yellen said at one point in her speech, giving an example of the type of question she would like to see answered by “further research.”

“According to a recent Pew Research Center survey, the gap between rich and poor now ranks as a major concern in the minds of citizens around the world,” said the chairwoman. “In advanced economies still feeling the effects of recession, people worry their children will grow up to be worse off financially than their parents were. In the United States, roughly 80 percent of Americans across the ideological spectrum see inequality as a moderately big or very big problem.” …

[LS]

Read: “A Patriot’s History of the Modern World,” both vols. It’s called the pillars of American exceptionalism, and we spell it out.

[huldah1776]

I know very little about economics except that lowering taxes is good. How can someone in her position be so ignorant of her field? If I was into stocks I would have sold everything out of fear of her stupidity.

[SunkenCiv]

Janet Yellen called for more research into widening inequality...

IOW, there is no widening inequality, except for the rape of the Constitution and legal system that has been going on since Zero and his cadre took over. The widening gap nonsense was pushed during Clinton's 1992 campaign and during his administration, and was based on some phony figures cooked up by some tool in the Demagogic Party. If Yellen's so concerned about this, she should set a good example and have a homeless family move on in to share her no-doubt spacious place.

[Cyclone59]

Federal Reserve Chairwoman Janet Yellen called for more research into widening inequality in the United States during a speech at the Federal Reserve Community Development Research Conference in Washington, D.C., on Thursday.

let's turn the tables on this one by asking the same question about our current crop of congress-critters. How is it that their wealth increases at a much greater rate that the general population?

[nothingnew]

...And why do other families, with one parent on welfare, and no interest in contributing through hard work consistently fail?"

I know. I know! FDR...LBJ...MLK...uhm, BHO.

I'm finished for now...

FMCDH(BITS)

[roadcat]

let's turn the tables on this one by asking the same question about our current crop of congress-critters.

That's a start. Also need to discuss immorality inequality. There seems to be so much immorality in Washington, D.C. and other liberal cities. The immorality inequality is tearing apart the fabric of our nation that formerly kept our economy vibrant. As morals decline, so does the desire to work and hold a family together.