Regarding “Gap between rich and poor grows wider” (Page A-3, July 29):
There is no mystery why income inequality has widened in the past few decades: The Federal Reserve has the power to create money, better known as inflation or easy money, and the supply of money has increased by trillions of dollars for more than three decades.
Archive for July, 2012
My letter to the Record about income inequality
31
Jul
Greece and Italy
28
Jul
We took a Mediterranean cruise July 13-23, stopping at several Greek and Italian ports and one in Turkey. We have not been in Europe since the late 1990s. Flying in coach across the Atlantic is not my idea of a good time and neither is going through security at JFK. I held my tongue and went through the scanner.