Both of the Federal Reserve Bank’s stated policies of under-market interest rates and generating a minimum of two percent general price inflation are creating a permanent financial underclass in America by keeping home ownership perpetually out of reach for struggling lower-middle class American workers. The goal of general price inflation—among many other impacts that disparately impact the poor—makes it much more difficult for people to save up for a down payment on a mortgage, especially during those fairly frequent times when the Fed exceeds its target level of inflation. And the tighter...