Republican Presidential Debate: Live Coverage

I’m going to say no. A poll taken just before the 2014 midterm by Fox News found that just 5 percent of Republicans said that income inequality was the most important economic problem facing the nation. That was the lowest of any economic problem.

They’ve been talking about income inequality, but is that an issue that resonates with Republican primary voters, Harry?

(Full disclosure: I used to work for the Federal Reserve.) Yeah, Harry, Cruz and Paul made some decent points on the Fed. Both expressed concern about quantitative easing (QE), a concern shared by many mainstream economists. It’s not clear exactly what QE accomplished. Paul, in turn, fairly pointed out that the Fed’s policies may have contributed to rising income inequality. But some of their points were way off. Cruz, for example, decried rising inflation. Inflation? What inflation? The year-over-year change in the consumer price index (CPI) was basically zero in September. The problem with inflation, if there is one, is that it’s been too low.