A Quote by Gerald Epstein

The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to support a variety of efforts. These include things like raising the federal minimum wage, eliminating unfair restrictions on union organizing, increased fiscal spending on needed infrastructure with a condition that these jobs will be decent paying jobs. Of course, this is just the tip of the iceberg, and far from the question of the role of the Federal Reserve.

Gerald Epstein

Quote Topics

Cannot Concerted Effort Condition Course Decent Effort Efforts Eliminating Far Fed Federal Federal Reserve Fiscal Government Iceberg Include Increased Inequality Infrastructure Jobs Just Like Minimum Minimum Wage Needed Organizing Own Paying Question Raising Reduce Requires Reserve Restrictions Role Speaking Spending Support Things Tip Tip Of The Iceberg Unfair Union Variety Wage Will

Quote Author

Gerald Epstein
American - Author
Born: November 6, 1935

I do not support a federal minimum wage. I think every state has a different economy, a different cost of living. I don't believe that's the role of the federal government.

Joni Ernst

The national minimum wage has not been increased in 9 years. By year's end, 21 States across America will have a minimum wage exceeding the Federal minimum wage.

Sherwood Boehlert

The greatest threat facing America today is the disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation. It is this one-two punch - Congress spending more than it can tax or borrow, and the Fed printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.

Ron Paul

I do not support raising the minimum wage, and the reason is as follows. When the minimum wage is raised, workers are priced out of the market. That is the economic reality that seems, at least so far, to be missing from this discussion.

John Sununu

There's no question raising the minimum wage excessively causes a loss of jobs.

Mitt Romney

People are tired of working longer hours for lower wages, of seeing decent paying jobs go to China and other low-wage countries, of billionaires not paying any federal income taxes and of not being able to afford a college education for their kids - all while the very rich become much richer.

Bernie Sanders

We own? the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we - U.S. taxpayers - own all the stock in the Federal Reserve.

Gary Johnson

Paying interest on reserve balances enables the Fed to break the strong link between the quantity of reserves and the level of the federal funds rate and, in turn, allows the Federal Reserve to control short-term interest rates when reserves are plentiful.

Janet Yellen

I was on the committee that helped raise the minimum wage here in Seattle. I introduced a statewide bill to raise the minimum wage in Washington state my first year in the state senate, and I really believe that raising the federal minimum wage, while not the answer to everything, addresses a lot of the issues at the very bottom.

Pramila Jayapal

Raising the minimum wage seems to all economists to, at the very least, fail to 'raise' employment, and we'd all like to see better inclusion of low-skilled workers into good-paying jobs.

Edmund Phelps

The TPP is another corporate-backed agreement that is the latest in a series of trade policies which have cost us millions of decent-paying jobs, pushed down wages for American workers and led to the decline of our middle class. We want American companies to create decent-paying jobs in America, not just low-wage countries like Vietnam, Malaysia or China. The TPP must be defeated.

Bernie Sanders

As far as cutting jobs, you could cut whole agencies out of the federal government and not miss them.

Wayne Rogers

As a candidate for Congress, I proposed a federal infrastructure bank to help local governments fund badly needed projects, including ones in my district. We need to repair and expand our crumbling transportation systems by creating many good-paying construction jobs.

Raja Krishnamoorthi

Don't let anybody tell you that raising the minimum wage will kill jobs.

Hillary Clinton

Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.