Martin Guzman explains the role of power in sovereign debt crises and restructurings.
Federal Reserve
The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.
The IMF takes a wee look at who is hurt by and benefits from inflation.
The financial system needs to provide a safe place for businesses to place their reserves and working capital.
The bank panic is proving to be an exercise in class warfare that may well wind up further strengthening the right.
Bank fundamentals do not look likely to get better any time soon, yet the Fed seems determined to make matters worse.
The Federal Reserve is not working for the people but for wealthy individuals and corporations that can afford to have a say in the rules.
The post Private Opulence and Public Squalor in the US appeared first on scheerpost.com.
Law and economics expert Walker Todd explains how a financialized system creates havoc and why it’s time to rethink banking
What parts of the financial system are most vulnerable to a crash?
Satyajit Das looks at how banks got themselves into so much trouble and what the recent bailouts portend.