How monetary easing caused poverty in 1992

The green line is Gini, a coefficient that gets higher when poor people get poorer.  Notice that the mild recession of 1991, before Clinton took office, was accompanied by an active Fed driving down short term rates.  We can see that because the effective funds (red) and target rate (blue) overlap.  As that happened, Gini made one of its biggest jumps in the last thirty years, poor people got a lot poorer.  Keynesians will lie and commit fraud to cover this up. It is right there in the data. The Fed generally lowers rates to save either business interests or DC, usually at the expense of the poor people.

So the paradox, Brad Delong and Larry Summers who finally made things work in the Clinton administration decide to support false Keynesian claims and take the blame for a rise in poverty they did not cause.  Keynesian frauds cannot even shoot straight!

Los liberales cree que los bancos centrales ayudan a los pobres cuando bajan las tasas. No es así, el banco central hace pobres más pobres.