Money and Monetary Policy

Economic inequality is the cause and the consequence of our racial problems

Economic inequality is the cause and the consequence of our racial problems

The eruption of community protests that followed the killings of Alton Sterling and Philando Castile last week placed the spotlight once again on racial disparities in American society. But one aspect that again received less attention than it deserved is economic disparity. That’s important because it’s pervasive in the U.S. and arguably lies at the core of our racial conflicts. 

Progressive economist Jared Bernstein put his finger on the issue, observing that...

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