The big banks behind the rising cost of credit
Federal Reserve
Posted inTAP
Time for the Fed to Meet the FTC
Today on TAP: The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
Posted inEconomic Policy
The Age of Recoupment
How power, technology, and opportunity have come together to gouge consumers
Posted inEconomic Policy
Fintech Fight Leads to Hundreds of Thousands of Frozen Accounts
The chaotic bankruptcy of a middleware platform called Synapse has impacted numerous fintech companies, whose users are locked out of their savings.
Posted inLaw and Justice
The CFPB Ruling Strikes a Blow for Governing
Instead of giving in to cynicism, Congress created an agency to protect consumers. The Supreme Court declined to overrule it.
Posted inEconomic Policy
Why Auto Insurance Rates Are Out of Control
The factors are partly structural, but also have to do with a corporate drive for profits and use of technology to precision-target customers.
Posted inTAP
Inflation, Misguided Economics, and the Fed
Today on TAP: Once again, mainstream analysts and Fed economists miss the real story in the latest inflation numbers—which is hidden in plain view if you bother to look.
Posted inTAP
How the Fed Keeps Getting Inflation Wrong
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
Posted inEconomic Policy
TSMC Chips Deal Promotes the Logic of Biden’s Industrial Policy
It rebuts the idea that a lack of skilled U.S. workers is an impediment to manufacturing growth.
Posted inEconomic Policy
The Connection Between Jobs and Housing
The good news/bad news story in the Economic Report of the President
