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In which the Rich Get Richer

and the unemployed find jobs

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It was a powerful column, appearing last month in The Washington Post and ProPublica, an online news site that had participated in its preparation, and it wanted a rejoinder.  Allan Sloan is the dean of American financial columnists; Cezary Podkul, a former investigative reporter for The Wall Street Journal now working on special projects of his own. The Federal Reserve Board’s “quantitative easing” policies since 2009 had helped, stabilized the economy, promoted employment, kept home prices rising, and supported the stock market, wrote the pair. But the Fed’s bond-buying spree otherwise had done little to better the lives of those