Anyone determined to provide a “new economics” must haul a heavy burden of proof up a steep slope of professional resistance. At the summits of academic prestige, economics presents a Delphic façade of math and marble. A still higher barrier faces anyone suggesting major…
Once again Wall Street asks the financial regulators to jump and the financial regulators ask “how high”. In this case, the Presidential Working Group…
In this post, I am going to focus on three of the most significant dangers created by central bank digital currencies (CBDC). I am hopeful over time…
As we enter the era of central bank digital currencies (CBDCs), the big question is what impact will this have on commercial banks. It depends. It…
Updating Bagehot's Vision
What purpose or purposes are financial regulators fit for? This questions was never asked during or after the 2008 acute stage of the Great Financial…
Since the acute phase of the Great Financial Crisis started in 2008, Economists have not been bashful about showing their ignorance of our financial…
Once again a blow-up in an opaque corner of the financial markets made news. This time a family office, Archegos, lost $10 billion dollars after its…
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