This is another case of Trump doing the right thing in theory. From Matt Stoller: Trump also issued an executive order to ban buybacks, dividends, and cap executive compensation for defense contractors. The rumor is that DOD deputy secretary Steve Feinberg complained about the unwillingness of the contractors to do competent work. Feinberg is a […]
Federal Reserve
Martin Guzman explains the role of power in sovereign debt crises and restructurings.
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.
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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?