The Crusade That's Killing Prosperity

The Federal Reserve's crusade against the ghost of inflation has driven unemployment much higher than the official numbers suggest. It's not technology that's keeping down wages -- it's the policy of America's politically insulated central bank.

by

The American Prospect depends on reader support

If you are scraping by right now, please don’t give us anything. But if you have the ability to support independent, non-profit journalism, we are so grateful. Your voluntary contribution helps keep this website paywall-free. You can sign up as a subscriber with a range of benefits, including an opt-in to receive the print magazine by mail.

Click to View Subscriber Levels: IDEAS, POLITICS & POWER