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Banks, Debt, Money

How to Think About the Fed Now

April 20, 2020 – Jeff Deist …… The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets. Continue reading →

How the US Wages War to Prop up the Dollar

January 12, 2020 – Ryan McMaken …… After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix. Continue reading →