US disparities are not as bad as made out to be and a sensible monetary policy would reduce them
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In the last decade or more, the topic of inequality has occupied centre-stage in America. In August, its Congressional Budget Office (CBO) published its report on distribution of household income for 2018. It was a revelation. A problem of inequality does come through in the report, but it is vastly overstated. Second, it also shows that fiscal policy is doing its job of mitigating it considerably in the US.