In the coming crisis, the Fed is not likely to be in good hands.
Great Recession
Posted inTAP
Central Banker or Central Casting?
Seemingly, Kevin Warsh is a mainstream central banker. Dig down and he’s the Fed equivalent of Pete Hegseth.
Posted inEconomic Policy
Pick Your Financial Crash
What are the risks of a financial crash in the coming year? Let us count the ways.
Posted inTAP
Former Economist Larry Summers
The American Economic Association banned him for life. Given how wrong Summers has been in every major area of policy advice, why did his public disgrace require the Epstein files rather than a reckoning with his serial failures as an economist?
Posted inTAP
Collateral Damage From the Epstein Files: Larry Summers
It’s long past time to jettison Summers as hopelessly contaminated. But there are far more serious reasons to dump Summers than his gross connections with Jeffrey Epstein.
Posted inMoney, Politics, and Power
Privatizing Speculative Gain, Socializing Risk
Trump’s grand design for Fannie Mae ignorantly repeats a sordid history.
Posted inHousing
The Last Abundance Agenda
In the 1980s, Wall Street vowed to make housing more affordable through deregulation of housing finance. The result was the 2008 crisis.
Posted inEconomic Policy
Vought Restores CFPB Procedure That Sustains Mortgage Markets
The situation reveals that sometimes, even arsonists need the building they’re burning down to stay upright.
Posted inLaw and Justice
Pam Bondi and the Pay-to-Play Justice System
The entire history of the attorney general nominee reveals a comfort with basing prosecutorial discretion on money, power, and proximity to the president.
Posted inHousing
The Housing Industry Never Recovered From the Great Recession
A decade of depression in construction led to a concentrated, sclerotic industry.