Peter Goodman: His Start-Up May Not Survive Trump’s Tariffs
A sourdough baker turned entrepreneur in North Carolina has delayed his new product as he contemplates the prospect that higher costs will doom his company.…
Thought Leader: Peter Goodman
Overreliance on the Fed is compromising the future for millennials
By Sheila Bair (original source CNBC)
“Millennials have been dealt two very bad economic hands during their lifetimes.
First, they weathered the 2008 financial crisis brought about by reckless risk-taking in the financial sector. Now, they confront a much more severe economic calamity caused not by Wall Street’s misbehavior but by a malicious virus. Yet in both situations, the burden is disproportionately falling on working families, many of them millennials who are just now starting to accumulate some wealth and security.
And while Washington has responded aggressively with early commitments to help Main Street, as stimulus programs unfold it’s becoming apparent that Wall Street (again) is going to come out on top.
The primary reason for this is that our elected officials have ceded too much responsibility for the economy to the Federal Reserve. But the Fed is not well equipped for this role. It is essentially a big bank, primarily configured to lend to other big banks.”
Click here to read more
Relevant and recent posts
Tony Abbott calls for stronger action to end ‘pro-Hamas’ protests
Former prime minister Tony Abbott has called for stronger action on antisemitism in the wake of further attacks against the Jewish community, including tougher policing…
Thought Leader: Tony Abbott
Leana Wen: The Doctor Will See You Now. So Will the Lawyer.
Legal aid organizations are helping doctors address social barriers to patients’ health. During my residency training, when I worked shifts in the pediatric emergency department,…
Thought Leader: Leana Wen
