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Engine of Inequality: The Fed and the Future of Wealth in America

Karen Petrou

In Engine of Inequality , Petrou brings her unparalleled, real-world knowledge of how big banks think, and what really drives the decisions of federal officials, to give readers an inside look at this previously unknown cause of U.

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Book Information

Publisher: Wiley.
Publish Date: 03/03/2021
Pages: 256
ISBN-13: 9781119726746
ISBN-10: 1119726743
Language: English

What We're Saying

November 18, 2021

"The authors who make up this year’s Porchlight Business Book of the Year Awards longlist gift us with a feast of new ideas to explore and, even more valuable, a renewed sense of possibility.” READ FULL DESCRIPTION

March 05, 2021

In turning from analysis to advocacy, Karen Petrou shows us how the fight against inequality can be won much more quickly—on terms we should all be able to agree on—than we might imagine. READ FULL DESCRIPTION

Full Description

In Engine of Inequality, Petrou brings her unparalleled, real-world knowledge of how big banks think, and what really drives the decisions of federal officials, to give readers an inside look at this previously unknown cause of U.S. income and wealth inequality. She begins with numerous, revealing examples of exactly how bad economic inequality in America has become. She then explains the practical ways America can and should be tackling the problem, without Congressional approval.

Readers will also get the lowdown on:

  • The danger to consumers of a Facebook cryptocurrency -- and of "fintech" firms taking on banking functions
  • Why the interest rate at your bank is still only a fraction of what it was before the 2008 financial crisis, and has made many much poorer
  • Who shares the blame for our current inequality, including the Fed, Congress, economists, bankers and bank regulators
  • Why increasing inequality is disastrous for our long-term economic growth

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