A weird, secretive, and unaccountable institution organizes our society, and nobody wants to talk about it.
After SVB
Posted inEconomic Policy
The Federal Reserve Cannot Investigate Itself
There are lots of problems with the review the Fed has announced of supervision and regulation in the wake of the Silicon Valley Bank collapse.
Posted inEconomic Policy
Why We Need a Public Interest Council
An independent body that could investigate systemic risk in the banking system would break the insular cycle of banking regulators and the firms they regulate.
Posted inEconomic Policy
The Problem Lender of Second-to-Last Resort
The Federal Home Loan Bank system has moved beyond its original intent and mostly allows distressed banks to delay a reckoning. It could use reform.
Posted inEconomic Policy
Stopping Bank Runs and Protecting the Economy
The key is higher equity requirements so banks remain solvent.
Posted inEconomic Policy
The Case for a Banking Public Option
Every individual and business should get the same Federal Reserve account benefits that banks enjoy.