Category Archives: Federal Reserve

Good Riddance, Alan Greenspan

Cataloguing some of the less-well recognized ways that Alan Greenspan did tremendous harm to the financial system and citizens at large.

Michael Hudson: Debts That Cannot Be Paid Won’t Be

R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system

Satyajit Das: The Global Economy – A Very Uncertain Future!

Satyajit Das looks at the big stressors on the global economy and find that governments will be unable to do much to alleviate them.

Michael Hudson Warns: Imminent Economic Catastrophe – War, Oil Crisis & Bond Market Panic

Michael Hudson explains how the financier-friendly medicine of higher interest rates will only make the impending economic crisis worse.

Michael Hudson: US Economy is Based on a Ponzi Scheme

Michael Hudson explains the dangers and costs of Wall Street’s Ponzi schemes.

The Fed, Congress, and the President: The Constitutional Authority to Make Money

The struggle over the Fed is a constitutional conflict: in a representative system, the power over money belongs to the legislature

Satyajit Das: Iran – Even War Has Been Financialized

Satyajit Das provides a broad look at the scope and depth of the potential economic downside of the Iran war.

Iran War: Administration Succeeds in Talking Down Oil Price to Below $100 as Trump Seeks Off Ramp to Opposition of Pentagon and Hawks; Iran Continues to Reject Talks, Announces Increase in Strikes, Pounds US Bases Into Dust

Trump succeeds in talking investors out of the tree even as Iran war fundamentals and his approval rating decay.

From Fed Failures to Inflation and Stablecoins: America’s Trust Is Cracking

Bill Bergman and Larry Feltes argue that falling trust in government and financial institutions puts the U.S. economy in peril

Trump Doubling Down on Tariffs After SCOTUS Nixing Sweeping “Emergency” Abuse: Bad for Businesses, Economy, and Trump

The Trump tariffs mess in the wake of his 6-3 Supreme Court loss on his misuse of “emergency” authority is even worse than you might imagine.

War With Iran to Accelerate Trump’s Golden March to Ruin

The decision to go to war with Iran appears to have been made, and how that will sink Trump’s already failing rule and risk nuclear war.

Satyajit Das: President Trump’s Spat With the Federal Reserve Is Not About Central Bank Independence

A look at the overly-large, internally conflicted role of the Federal Reserve and Trump’s dodgy aims in trying to bring it under his control.

Justice Department Subpoenas the Fed, Threatens Powell with Criminal Indictment. Powell Comes out Swinging. Stock Futures Tank

Trump pursues another own goal by escalating with Fed chair Powell over his refusal to lower interest rates by launching a criminal probe.

Fed’s Standing Repo Facility (SRF) Drops to Zero, from $75 Billion on the Last Balance Sheet as Yearend Liquidity Turmoil Dissolves

Unpacking the much-ado-about-nothing over year-end use of the Fed’s pet liquidity-providing mechanism, its standing repo facility.

How Wage Increases Became the Fed’s Red Line

How the Fed’s use of wages as a key inflation measure started as a war on labor and continues to operate that way.