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What you don’t know about the Federal Reserve This man obviously wielded a lot of power in the American financial sector Lowenstein: Yes, when the panic of 1907 occurred, J P Morgan was the most powerful banker on Wall Street By the way, he wasn’t the richest and his bank wasn’t the biggest, but he had a strong reputation
How the American dream turned into greed and inequality The American Dream is broken Social mobility has declined in recent decades, wages have stagnated, and today's young generation is the first in modern history expected to be poorer than their parents
Why has the US recovered more quickly than Europe? The contraction of private investment in Europe accounts for only a small part (one-third) of the growth gap Though the financial-market tensions that accompanied the euro crisis had a strong negative impact on investment in the eurozone periphery, investment demand has also remained weak in the US, minimizing the overall difference
What is financial repression – and should countries embrace it as . . . What is financial repression? Financial repression is essentially a set of policies designed to manage a country’s fiscal obligations by keeping interest rates artificially low But while potentially effective in the short term, the approach comes with significant long-term risks and economic implications
Inter-American Development Bank | World Economic Forum The Inter-American Development Bank (IDB) was established in 1959 to support economic, social and institutional development in Latin America and the Caribbean It is the main source of multilateral financing in Latin America and the Caribbean and partners with organizations from the public and private sector, governments, companies and civil society to provide solutions to the region's