Power & Market
The Fed Does 60 Minutes
Powell admits: "We print [money] digitally. So as a central bank, we have the ability to create money digitally. And we do that by buying Treasury bills or bonds for other government-guaranteed securities. And that actually increases the money supply."
Was Eugen von Böhm-Bawerk the GOAT?
Murray Rothbard once stunned me by saying that he thought the greatest economist in history was Eugen von Böhm-Bawerk: “Böhm-Bawerk created a mighty system of economic theory and then successfully defended it against all comers.”
Uncovered Audio of Eugen von Böhm-Bawerk from 1905
Don’t Forget about the TALF!
Does anyone remember, during the last financial crisis, the “evil bankers” who almost collapsed the entire financial system?
Another 2 Million Americans File Unemployment Claims, Bringing Total to 33 Million
The surge in unemployment isn’t over. New jobless claims data released today
Swiss National Bank Q1 2020: $94 Billion in US Equities
The Swiss National Bank owns approximately $94 billion of publicly traded US equities such as Facebook, Apple, Amazon, Netflix, and Google? Its top holding is in Apple, with over $4 billion worth of shares in the company.
Will COVID-19 Be a Generation-Defining Event?
Could the COVID-19 panic lead to a generational shift in culture comparable to those resulting from the Great Depression or the advent of the perso