One of the good things the Fed has been doing for the last several years is instead of just publishing household net worth as if there was only one consumer in the country, actually publishing it by wealth slices.
Foster highlights the Fed's improved reporting on household wealth distribution.
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Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
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