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How the Fed Combats Recessions Doesn't Work and Benefits the Rich

The Federal Reserve is to blame for the 2008 recession, one author argues. Here's what they could do differently next time.

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In many states, workers still earn only $7.25 an hour. If we want to fix the 'labor shortage,' it should start with raising wages.

Fast food workers and activists demonstrate outside McDonald's downtown flagship restaurant on July 31, 2014 in Chicago, Illinois. Scott Olson/Getty

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'Opportunity zones' meant to boost poor communities did little more than give the rich another tax loophole — proof that trickle-down economics doesn't work

Economist David Wessell said 'opportunity zones' in Trump's 2017 tax bill didn't work in helping lower-income communities. Peeterv/Getty Images Paul

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How 'Opportunity Zones' Became Just Tax Cuts for the Rich

Brookings' economist David Wessel said more funding from Trump's 2017 tax bill went to already-wealthy areas than low-income communities.

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The American middle class used to signify economic security. That's now quickly becoming a luxury only the wealthiest can afford.

A majority of Americans believe their children and grandchildren will be worse off financially than they are now. Eduardo Munoz Alvarez/Getty Images

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