Category Archives: Federal Reserve

Immaculate Deception, Fed Style

The Fed knows it it is up to no good as far as ordinary citizens are concerned, witness its propaganda efforts.

Three Strikes against the Fed

Until the results of new stress tests are known, the uncertainty principle calls for extreme caution in the regulator’s approach to the capital adequacy of systemically important banks (and indeed of banks in general).

The Good, the Bad, and the Ugly About the Fed’s New Credit Allocation Policy

Why using credit as an economic remedy evenutally does more harm than good.

The Federal Government Always Money-Finances Its Spending: A Restatement

An explanation of the mechanics of Federal spending, with emphasis on the role of the Fed and Treasury.

The Bank of England Votes for More QE – But This Is a Road That Will Run Out

Yves here. Richard Murphy’s observations about QE hitting its limits are clearly relevant to the US. Sadly, things will have to get worse before ideas like a job guarantee or Green New Deal-type work schemes even get a hearing. By Richard Murphy, a chartered accountant and a political economist. He has been described by the Guardian […]

How America’s Covid-19 Rescues Look Set to Increase Inequality

Why the Covid-19 bailouts are coming at a high social cost.

Julian Assange Just Called. To Talk About the Pandemic’s Effect on Capitalism & Politics!

Yanis Varoufakis briefs Assange on the devolution of capitailsm.

Michael Hudson: Fed’s $10 Trillion Defends Assets of the Rich

Michael Hudson gives a detailed, if sobering, account of the outlook for the economy.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 7)

This is part 7 of my ongoing coverage of the Federal Reserve’s Coronavirus actions.

Political Scientist Tom Ferguson on Big Money and Social Conflicts in the Covid-19 Era

An incisive take from the no-holds-barred Tom Ferguson.

What Are the Three Concurrent Crises of the Coronavirus Depression?

Past theories of crises and why they matter now.

Wall Street’s Useful Idiot: Financial Times Shills for CLOs….as Fed Hasn’t Bailed Them Out

A major story on the CLOs chooses not to address the key questions.

Don’t Do It Again! The Swedish Experience With Negative Central Bank Rates in 2015-2019

Why negative interest rates were a bust.

The Federal Reserve’s Coronavirus Crisis Actions, Explained (Part 6)

What the Federal Reserve has been up to lately, such as bailing out the shale gas industry.

Fed Drastically Slashed Helicopter Money for Wall Street. QE Down 86% From Peak Week in March

Keeping tabs on Fed munificence.