Money and Banks
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Bank CEOs Have Their Heads in the Clouds
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
How Paper Money Turns Governments into Predators
Paper money transforms governments from parasites to predators. Once a government can print what it likes, it no longer needs taxes.
A Government Shutdown Is not the Problem. Public Debt Is the Problem.
Those who defend the science fiction fallacy of MMT say that if the government cuts the deficit, then the world will run out of US dollars and there will be a global monetary meltdown. This is so ludicrous that it should not even have to be discussed.
The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But "hope" is all the Fed has.
Limitless Money and the Limitless Fed
Recorded in Nashville, Tennessee, on September 23, 2023. Includes audience Q&A period.
The Dangerous Myth of a “Soft Landing”
If the only antidote offered to prevent a 2008-style contraction is monetary easing, then the risk of stagflation is even higher. Without drastic cuts to deficit spending, or a recession, the likely outcome is stagflation.
The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But "hope" is all the Fed has.
August Price Inflation Accelerated, and the Fed Fears More Is in Store
Fed policymaking is all about political expedience. When we see Fed policy, we must keep in mind that "managing the economy" is secondary to managing public debt service and public expectations.
Bank CEOs Have Their Heads in the Clouds
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
