Today on TAP: A crisis of confidence at Switzerland’s second-largest bank shows the dangers of Federal Reserve–driven chaos.
Federal Reserve
Posted inAmerica and the World
U.S. Declines to Blunt Pain as It Exports Inflation to Poor Countries
The Treasury is resisting calls to provide emergency liquidity for emerging markets facing a strong dollar.
Posted inMoney, Politics, and Power
Griftrix
The implosion of a $16.5 billion Citrix Systems debt deal reveals how private equity firms always manage to wriggle out of trouble.
Posted inTAP
A Global Recession Induced by Central Bankers
Today on TAP: Tight money spreads from Washington to Frankfurt to the Global South, needlessly increasing hardship.
Posted inEconomic Policy
Scandal-Dogged Ex–Federal Reserve Governor Manufactures Consent for Rate Hikes
Richard Clarida, now a TV talking head, is doing all he can to kill jobs and cut wages.
Posted inTAP
Inflation Is Actually Subsiding
Today on TAP: The stock market, financial writers, and the Fed have one thing in common: excessive gloom.
Posted inTAP
Climate Costs Are Not ‘Inflation’
Today on TAP: Climate disruption will raise prices to consumers. The Fed, seconded by orthodox economists, misunderstands what’s happening—needlessly adding to economic pain.
Posted inTAP
Powell Sides With the Inflation Hawks
Today on TAP: Reverting to type, the Fed chair ignores supply factors.
Posted inTAP
Jason Furman’s Lazy Economics
Today on TAP: Why do reporters covering recession, inflation, and interest rates keep treating Furman as a sage?
Posted inTAP
It’s Supply, Stupid
Today on TAP: More evidence today’s inflation is not the result of excessive demand
