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.” …

[Olog-hai]

Nothing like an openly-Marxist Fed chair.

[E. Pluribus Unum]

TRANSLATION: “How do some places advance economically, and how do we stop them?”

[jwalsh07]

THEY GO TO WORK YOU STUPID $%^&.

[KC_Lion]

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.

I thought Ubama was suppose to fix that?!

So... he HASN'T done a good job for you liberals?

[TexasFreeper2009]

Um.. they keep their legs together until they are married, go to school, follow the law, and live below their means.

It’s not rocket science.

[VRW Conspirator]

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...

Well they can't print money so they have to earn it, the old fashion way, work.

[Pollster1]

“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.”

I ask the same question all the time. "How do so many intact two-parent families, in which the parents value education, raise children who thrive academically and economically? And why do other families, with one parent on welfare, and no interest in contributing through hard work consistently fail?" I wonder if today's socialists will discover the answer that has eluded so many liberals for generations.

[PGR88]

She’s hiding the fact that the FEDERAL reserve, through its basic existence, and particularly through its activities the last 7 years - is the main cause of growing income inequality in the USA.

[bkepley]

>THEY GO TO WORK YOU STUPID $%^&.

Or failing that they become politicians like Harry Reid, another route to fabulous riches.

[G Larry]

The answer to Janet’s question can be had by replacing her with some homeless drunk for the next year.

In addition to addressing her “fairness” concerns, we’ll find no net difference in our national economic circumstance.

[Lou L]

“How do some places advance economically, and how do we stop them?”

Or, "shake them down with taxes, heavy fines and burdensome regulation?"

[Slyfox]

Let's see ... Obama gives his buds a whole slew of cash, and then he gives away the store to those who are allergic to working for a living.

That my dear is how "some places advance economically," leaving the people who actually do the work to head in the direction of being p!$$ poor.

[Vigilanteman]

Great list, to which I'd add:

They don't elect they type of political leadership which New York does.

[5thGenTexan]

Right, or “How do we punish Texas for succeeding”

[Leep]

“80 percent of Americans across the ideological spectrum see inequality as a moderately big or very big problem.”

This is an amazing statement. So, almost everyone?

[expat2]

This could be valuable. They might find out that low taxes, little regulation are the difference.

[mjp]

why some communities succeed or fail in generating jobs, developing successful small businesses, attracting infrastructure investment and so on," she said. "How do some places advance economically and create circumstances in which residents in turn are more likely to thrive?”

The factors that lead to modern advanced division of labor economic systems are:

1) rational culture
2) respect for private property
3) technological progress
4) capital accumulation and capital markets
5) right demographics

Capital accumulation requires savings and investment, which requires low taxes, low regulations, and low amounts of government intervention, and a pro business and pro capitalism environment.

[Farmer Dean]

She could start by looking at the ratio of workers to parasites.

[vpintheak]

Really? Really? He’s either a clueless moron, or a communist! How? By getting government over-regulation out of the way and allowing industry to thrive! It’s not rocket science!

[norwaypinesavage]

"Fed Chair Wants to Know: ‘How Do Some Places Advance Economically?’"

The answer has been known categorically for more than a century: Economic Advancement occurs only when Capitalism is adequately distributed into the places needing advancement.