Podcast

Is the U.S. payment system fair?

Aaron Klein, a fellow at the Brookings Institution, argues that the setup works well for those with money, but is very expensive for those on the lower end of the spectrum.

Aaron Klein, fellow, Brookings Institution
Aaron Klein, fellow, Brookings Institution

Aaron Klein recently told the House Financial Services Committee that America’s payment system has become an engine of income inequality and that policymakers need to do something about this. In this podcast, he explains why and how he thinks the current U.S. payment system is unfair and what might be done to fix it.