8: Reckoning with Regulation
Consumer Finance Before the Crash
Are Debtors Just Deadbeats?
Are Banks to Blame?
The Businesses Banks Left Behind
Other Precursors of the Crash That Came
Capitalism and Capital Regulation
A Capital Cure
Going with the Flow
Death without Destruction
The Consumer-Protection Quagmire
An Unreadable Rulebook Thrown Only at Banks
The Bleak Outlook and a Better Future
Notes
16 Chapter 9: Remaking Money What Money Is and Will Be The Great Unequalizer Turning Money into Data What Makes Money Good Money Crafting a Good Digital Dollar How Money Moves The Central-Bank Solution Notes
17 Chapter 10: Rules to Equitably Live By Why Not Just Deregulate? Learning to Love Like-Kind Rules The Specifics of Symmetric Regulation Raising Up the Regulatory Playing Field Building a New, Equality-Focused Banking System Banking While Mailing Establishing Equality Banks New Money for a New Mission Notes
18 Chapter 11: Financial Policy for an Equitable Future Turning the Fed into a Force for Good The Fed's Failings The Fed's Equality Toolkit The First Fix: Understanding America as It Is The Second Fix: Set an Equality Plan and Say So The Third Fix: A Far Smaller Fed Portfolio The Fourth Fix: Normal, Moderate Interest Rates The Final Fix: Ensuring Financial Stability Ending the Doom Loop The Future of Equitable Finance Notes
19 Index
List of Tables
1 Chapter 7Table 7.1 Where Households Keep Their Wealth 1983 vs. 2016
2 Chapter 10Table 10.1 Equality-Essential Regulation
3 Chapter 11Table 11.1 Monetary-Policy Tools to Repair the Inequality Engine
List of Illustrations
1 Chapter 2Figure 2.1 Diverging Income Inequality: Changes to Income Distribution 1980-...Figure 2.2 Growth in Real Income for Select Income Groups, 1989–2016Figure 2.3 Growth in Real Wealth for Select Income Groups, 1989–2016
2 Chapter 3Figure 3.1 The Rise and Fall of U.S. Public Wealth, 1945–2015
3 Chapter 6Figure 6.1 Fed Balance Sheet Growth Since 2004Figure 6.2 Top 10% Income Share at its Highest Level in 100 YearsFigure 6.3 21st Century Wealth GrowthFigure 6.4 Trends in Who Has How Much of What When
4 Chapter 8Figure 8.1 Bank Lending Remains Below Pre-Crisis Levels
Guide
1 Cover
2 Table of Contents
Pages
1 iii
2 iv
3 v
4 xi
5 xiii
6 xv
