Also, more action in Congress. This is The COVID-19 Daily Report for April 10, 2020.
Federal Reserve
Posted inEconomic Policy
Debts and Deficits: What Are the Limits, and Why?
This is part of our economists roundtable on the corona crisis. Recent Headlines from The Financial Times: U.S. taps market for stimulus funds at historically low rates (April 3) How central banks beat back the ‘bond vigilantes’; unlimited bond buying has made it near impossible for investors to punish overspending (March 31) Fed sets up scheme […]
Posted inCoronavirus
Unsanitized: The Federal Reserve Loads the Cannon
Plus, the value of unions. This is The COVID-19 Daily Report for March 27, 2020.
Posted inEconomic Policy
The Crisis in Financial Markets Began Before COVID-19
The Federal Reserve has been committing hundreds of billions to short-term lending markets for months. It’s time to make that power work for more than just Wall Street.
Posted inEconomic Policy
How Financial Engineering Deepens the Corona Depression
Wall Street scams and schemes that the Dodd-Frank Act intended to kill rose from the dead after 2010. Now they are killing what’s left of the economy—again.
Posted inEconomic Policy
The Biden Do Not Reappoint List
A third succession of Wall Street Democrats would be a disaster. Here are the names to look out for.
Posted inTAP
Trump’s Latest Crackpot
Today on TAP: Fed nominee Judy Shelton wants a return to the gold standard
Posted inEconomic Policy
The Dismal Forecasts of the Dismal Scientists
How economists keep getting things wrong and not learning from their mistakes
Posted inEconomic Policy
Volcker Without Tears
The Paul Volcker who tanked the economy in 1979 did massive and needless damage. The penitent Volcker of the Obama era had far more progressive views—and no influence.
Posted inEconomic Policy
Janet Yellen Underscores Fed Independence, Diversity in Economics
The first woman to lead the Federal Reserve shared the challenges of breaking through in a male-dominated field—and her concerns about the politicization of the central bank.