Monetary Policy and Racial Inequality
Monetary policy does not lift boats in at all the same way.
Read more...Category Archives: Federal Reserve
Negative Interest Rates Are Coming, but There Is No Chance That They Will Work
Negative interest rates: a bad idea that some central banks still can’t resist.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
Read more...Wall Street Mega-Landlord Blackstone Prepares to Reap the Spoils of Another Crisis
Blackstone was a big winner of the last crisis. Now, it hopes to repeat the feat, albeit using a somewhat different playbook.
Read more...Macroeconomics, Money (MMT Style) and Post-Brexit Recovery, All in One Twitter thread
Money, lending, government spending, QE….all explained in one tidy post!
Read more...Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
Trying to make sense of CARES Act gimmickry.
Read more...The Mnuchin-Powell Affair Over the Fed’s “Special Purpose Vehicles” in Dollars & Effects
The Treasury and Fed set up junk-buying SPV programs The unwind is oddly controversial given that they never should have been created.
Read more...Housing Market Goes Nuts, Everyone Sees it, But it Can’t Last
A contrarian take on housing.
Read more...The Fed’s New Policy Framework: A Major Improvement But More Can Be Done
The Fed’s new policy strategy of average inflation targeting is an unambiguously a positive step, but may not – under all circumstances – subscribe to a sufficiently aggressive make-up strategy when the zero lower bound is binding.
Read more...Citi’s Recidivist Rule-Breaking and Incompetence Shows Persistence of Too Big/Complex to Fail Problem
Citi’s latest run-in with regulators shows why comparing big banks “too big/complex to fail” problems to those of Big Tech is all wet.
Read more...Rana Foroohar and Mark Blyth: How Deep Will the Depression Get?
Rana Roroohar and Mark Blyth discuss the elections, tech, China, and Covid v. recovery with Paul Jay.
Read more...Trump Shoots His Campaign in the Head
Trump is back to his usual self-destructive form.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...“Savings Glut” Fables and International Trade Theory: An Autopsy
Debunking Bernanke’s pet excuse for the global financial crisis, the savings glut hypothesis, which of course exculpates the Fed.
Read more...Why International Financial Regulation Still Falls Short
Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
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