Stiglitz: Policy Has Exacerbated 'Extreme' Inequality

The video discusses the role of inequality in motivating economic effort, the extreme levels of inequality in the U.S., and the influence of monopoly power. It highlights how quantitative easing (QE) has worsened inequality by benefiting the wealthy, while small businesses struggle with credit access. The focus is on redirecting monetary policy to support the real economy rather than financial markets.

What is the significance of the statistic that 91% of all growth went to the top 1% during the recovery period?

Discuss the impact of monetary policy on small and medium-sized enterprises as mentioned in the text.