The Fed’s Baffling Response to the Coronavirus Explained
Because our banks aren't nationalized, its inability to work with Congress has resulted in another botched attempt at crisis management.
The Fed Protects Gamblers at the Expense of the Economy
Its forced choice to bankroll hedge funds and other speculative ventures in repo market comes at a price to the middle class.
Stocks Close Out Best Year Since 2013; S&P 500 Soars 28.9%
The three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.
Paul Volcker’s Long Shadow
The former Fed chairman’s obituaries leave out how his policies devastated lives in the 1980s and underwrote the 2008 financial crisis.
The Banking Model That's Bankrupting Americans
The U.S. government is unnecessarily feeding the “financialized” economy in which money makes money without producing new goods and services.
The Fed's Dramatic About-Face
The Federal Reserve needs to keep pumping new money into the banking system, so why not inject cash directly into Americans' bank accounts?
The Venezuela Myth Keeping Us From Transforming Our Economy
U.S. critics of Modern Monetary Theory who point to Venezuela’s hyperinflation are missing the big difference between the two countries.
Stocks Skid to 15-Month Low After Fed Raises Rates Again
The Dow had been 381 points up before the U.S. central bank's fourth increase on short-term rates this year. It ends the day at 351 down.
5 Key Financial Misadventures of the Trump Era (So Far)
Here's a look at the president's travels on the paths of chaos, and at the economic damage that might lie ahead.
The Fed Boosts Wall Street, Not Main Street
Today's central bank collusion is nothing more than a massive “trickle down” subsidy for the financial system—and promises for the masses.
