Class Warfare of the Wall Street Journal

http://www.futureofcapitalism.com/2011/06/class-warfare-of-the-wall-street-journal

From a Wall Street Journal editorial:

QE2 and near-zero interest rates have been a boon for bankers and hedge funds. They haven't been so great for suburban families who commute to work and haul their kids to football and music practice. The monetary policy so favored by liberal economists and the White House has actively favored the wealthy over the middle class.

With all respect due to the editorial writers at the Wall Street Journal, that is a strange set of sentences. Do the editorial writers think that no hedge fund managers or bankers live in the suburbs or haul their kids to sports or music practice? Or that no one in the "middle class" owns stocks?

by Ira Stoll  |  Jun 23, 2011 at 9:18 pm Related Topics:  Federal Reserve, Press receive the latest by email: subscribe to the free futureofcapitalism.com mailing list