TIME

How Nov. 2, 2010 Made the Rich So Much Richer


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November 2, 2010, is a day that that has been mostly forgotten by history, but that should live in infamy. It was the day when America’s democratic institutions retreated to the sidelines of economic policymaking and largely left the nation’s economic development to the Federal Reserve. The result was a decade of printing money that has primarily benefited the very rich and stoked asset prices in ways that continue to destabilize global financial markets.
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