The Price of Inequality: How Today's Divided Society Endangers Our Future by Joseph E. Stiglitz

308
    equilibrium fictions, 150, 157, 356, 358
    Ericcson, 203
    estate taxes, 73, 76, 88, 166, 167, 274, 361, 395
    ethanol subsidy, 50–51, 180, 320
    euro, 220, 391
    Europe, 22, 55, 105, 141, 155, 280, 286
       economic mobility in, 18, 117, 265
       financial crisis in, 24, 138, 141, 182, 219, 220, 231, 235–36, 254–56, 369, 381, 389–91
       globalization’s effect in, 63, 64
       inequality in, xiv, 5, 23
       inflation in, 241, 255, 259, 393
       unemployment in, 278, 291
    European Central Bank (ECB), 138, 182, 220, 249, 255, 256, 390, 391, 393
    European Commission, 214
    exchange rates, 280
    Exxon, xviii, 160
    Exxon Valdez, 374
    fairness:
       changing views of, 67, 148, 153–55, 347
       economists’ perceptions of, 161
       importance of, xiv, 114, 117, 126–27, 135, 163, 214, 266
       in labor, 103–4, 127
    Fannie Mae, 158, 284, 356, 363, 397
    Federal Bureau of Investigation (FBI), 197, 372
    Federal Communications Commission (FCC), 47, 335
    Federal Deposit Insurance Corporation (FDIC), 247
    Federal Reserve, U.S., 71, 245, 248, 249, 252, 253, 258, 266
       appointees to, 47, 48, 133, 249–50, 319, 388
       bank lending by, 37, 49, 243, 245–46
       financial sector’s favoring by, 37, 49, 243, 245–48, 249, 251–54, 258, 264, 324, 385–86
       monetary policies of, 85, 86, 88, 133, 177, 208, 234, 239–40, 243–45, 248, 250, 251, 252, 254, 257–58, 259, 262, 264, 279, 380, 382, 385, 389, 392
       Open Market Committee of, 252
       oversight of, 251, 252
       political nature of, 250, 251
       regulatory position of, 246, 247, 248, 387, 388
    Ferguson, Thomas, xxiv
    Fields, Alex, 283
    filibusters, 132–33, 286, 350, 351
    Financial Accounting Standards Board, 110
    Financial Crisis Inquiry Commission, see Angelides, Phil; National Commission on the Causes of the Financial and Economic Crisis in the United States
    financial crisis of 2008, x, xiv, xvii, xix, xxii, xxiii, 1, 3, 13, 33, 49, 61, 77, 79, 91, 152, 155, 166, 167–69, 171, 174, 175, 180, 213, 232, 246, 254–55, 260, 314
       causes of, xi, 33, 34, 37, 49, 90, 175, 213, 258, 264
       criminal prosecution for, xv–xvi, 70, 119, 199, 372, 373
       economic situation prior to, 53–54, 84–85
        see also Great Recession; subprime crisis
    financial markets:
       deregulation of, 5, 49, 60, 81, 89–92, 102, 152, 157, 175–76, 177, 181–82, 240, 246–48, 249, 258, 387
       distributive impact of, 173–74
       equilibrium fictions in, 152, 175
       failures in, xi–xiii, xvii, xviii, 6, 34, 41, 90, 107–8, 173, 241, 291, 313
       globalization in, 59–61, 139–40, 141–42, 181–82, 277, 280, 324, 325
       government regulation of, xiii, xx, xxi–xxii, 28, 33–34, 35, 36, 37, 38–39, 40, 44, 47–48, 80, 87, 119, 136–37, 141–42, 152, 155, 170, 173, 178–79, 192–93, 247, 248, 250, 269–70, 324, 369, 388
       ideological perceptions of, 154, 155, 156–57, 158, 163–66, 172–79, 186, 257, 258, 261, 313, 317, 356
       information asymmetries in, 36–37, 110, 124, 165–66, 313, 388
       international debt in, 139
       legal underpinnings of, 42, 43
       price discovery in, 164–65
       transparency in, 35–36, 247, 269, 390
        see also bankers; business; economy, U.S.; stock market
    financial sector, 49, 87, 169, 170, 219, 226, 228, 382
       abusive credit card practices in, 37, 40, 90, 96, 98, 119, 124, 164, 240, 246, 269, 270, 274, 314
       anticompetitive behavior in, 35–36, 46–47, 247, 269, 270, 318; see also monopolies
       criminal behavior in, 198, 199, 200–201, 204–6, 372, 373
       Federal Reserve’s favoring of, 37, 49, 243, 245–48, 249, 251–54, 258, 264, 324, 385–86
       government bailouts in, xiv–xv, 37, 60, 74, 101, 155, 166–69, 171, 172, 175, 180, 193, 198, 213, 233, 234, 245–46, 252–53, 258, 269, 324, 361, 362
       government lending to, 37, 49, 110, 243, 245–46
       growth of, 79–81, 240, 246–48,