Monetary Economics
-
•
The Fed Cut Rates Again–What Else Is New?
Powell’s remarks highlighted the inherent difficulty of balancing inflation and employment under the Fed’s current dual mandate.
-
•
The Fed’s Unlawful Floor System Pays Banks Billions to Sit on Reserves
To prevent emergency lending from depreciating the dollar, the Fed broke the law by deliberately paying a premium rate on reserves.
-
•
A Rare Split at the Fed — and Why It Makes Sense
Both hawks and doves cite major rules to justify their stance. But the division inside the Fed isn’t dysfunction — it’s a sign of officials taking both mandates seriously.
-
•
The Fed Doesn’t Determine the Price of Credit. Markets Do
The repo market reveals the limits of Fed intervention, showing how short-term credit conditions are ultimately determined by banks, borrowers, and market forces — not central planners.
-
•
Milei’s Mandate: Argentina Bets on Austerity Again
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.
-
•
Fed Cuts Rates for Second Straight Meeting
Inflation remains stubbornly high and employment is softening. The Fed’s “balanced approach” marginally lowered interest rates again.
-
•
Frankenstein’s Money Press: How Washington Unleashed the Modern Monetary Monster
Governments thought they could summon endless wealth from thin air. Instead, Modern Monetary Theory unleashed inflation, eroded trust, and left the Fed cornered by its own creation.
-
•
Slower Inflation But Rising Uncertainty in September
Modest cooling in consumer prices masks deeper pressures from tariffs and energy costs. The Fed must weigh short-term relief against the risk of tightening too late.
-
•
Repo Market’s Warning Light is Flickering
Rising repo rates, a shrinking reserve pool, and heavier use of the Fed’s backstop all indicate banks’ “ample reserves” are thinning amid a slow liquidity squeeze.
-
•
Gold’s Acceleration Reveals Vanishing Calm, Coming Change
A “perfect storm” of inflation, debt, geopolitical tension, and investor doubt is propelling gold higher — and faster — than ever before.
-
•
The Fed Cut Rates Again–What Else Is New?
Powell’s remarks highlighted the inherent difficulty of balancing inflation and employment under the Fed’s current dual mandate.
-
•
The Fed’s Unlawful Floor System Pays Banks Billions to Sit on Reserves
To prevent emergency lending from depreciating the dollar, the Fed broke the law by deliberately paying a premium rate on reserves.
-
•
A Rare Split at the Fed — and Why It Makes Sense
Both hawks and doves cite major rules to justify their stance. But the division inside the Fed isn’t dysfunction — it’s a sign of officials taking both mandates seriously.
-
•
The Fed Doesn’t Determine the Price of Credit. Markets Do
The repo market reveals the limits of Fed intervention, showing how short-term credit conditions are ultimately determined by banks, borrowers, and market forces — not central planners.
-
•
Milei’s Mandate: Argentina Bets on Austerity Again
Argentine voters handed Javier Milei a decisive win, rewarding his radical fiscal reforms. Now, the challenge shifts from crisis management to structural overhaul.
-
•
Fed Cuts Rates for Second Straight Meeting
Inflation remains stubbornly high and employment is softening. The Fed’s “balanced approach” marginally lowered interest rates again.
-
•
Frankenstein’s Money Press: How Washington Unleashed the Modern Monetary Monster
Governments thought they could summon endless wealth from thin air. Instead, Modern Monetary Theory unleashed inflation, eroded trust, and left the Fed cornered by its own creation.
-
•
Slower Inflation But Rising Uncertainty in September
Modest cooling in consumer prices masks deeper pressures from tariffs and energy costs. The Fed must weigh short-term relief against the risk of tightening too late.
-
•
Repo Market’s Warning Light is Flickering
Rising repo rates, a shrinking reserve pool, and heavier use of the Fed’s backstop all indicate banks’ “ample reserves” are thinning amid a slow liquidity squeeze.
-
•
Gold’s Acceleration Reveals Vanishing Calm, Coming Change
A “perfect storm” of inflation, debt, geopolitical tension, and investor doubt is propelling gold higher — and faster — than ever before.