The Economics of Inequality: Undoing Policy Mistakes

The video discusses the economic impact of social inequality, emphasizing the need to acknowledge and address racial disparities. It explores the role of education in reducing inequality but highlights that education alone is insufficient. The Federal Reserve's policies on employment and inflation are examined, with a focus on wage growth and unemployment disparities. The video concludes by discussing the importance of both monetary and fiscal policies in achieving economic recovery and addressing social inequality.

What evidence is provided regarding the persistence of racial wage gaps despite educational attainment?

How do fiscal policies relate to the Fed's responsibilities in addressing economic disparities?

What are the two schools of thought regarding the Fed's policies and their impact on social inequality?