For a long time I’ve been thinking about doing a series about the concept of a “hierarchy of finance”. This phrase refers to the fact that different households and institutions have access to financing for their current—or desired—activities, at both different
Dear readers: My deepest apologies for my absence. I got the so-called “Super-Flu” that hit New York in December, then I followed that up with a very debilitating bout of food poisoning in January. As much as I tried to push myself
Silvia Secchi is a natural resources economist and a Full Professor in the Department of Geographical and Sustainability Sciences at the University of Iowa. Editor's Note: Dear readers, Nathan here. A few months ago I came across a paper by professor Secchi
Tomorrow is my 34th Birthday and as such this month's "Birthday" sale is still ongoing. Take advantage today! Birthday Sale! Longtime Notes on the Crises readers will remember that I have been scrutinizing the Federal Reserve using Freedom of information
This is a free Notes on the Crises piece. Consider tipping here. November is my birth month so I'm doing a birthday sale all month long. I'm turning 34, so an annual subscription is now just 34 dollars. I'
This is Part Two of a three part series. Find Part one here. Subscribe Today! One of the most important microeconomics textbook writers ever is a man named Hal Varian. Generations of people, especially graduate students, have learned microeconomics from his writing. Another remarkable
This is a Premium piece of Notes on the Crises. SubscribeTip! Federal Reserve governor Lisa Cook was born and raised in Milledgeville Georgia, about a 100 miles away from Atlanta. She also shares a birth year with the Civil Rights Act of 1964 which,
Subscribe Today! So the federal government is shut down. I’ve been late to covering this story because of my focus on events at the Federal Reserve. Well, that was true when I first wrote that sentence. I then became ill for a full
This is a premium piece of Notes on the Crises. Become a Paid Subscriber to read this piece and support Notes on the Crises Subscribe & Read This year I coined the phrase conventional wisdom processor to describe how certain types of markets—such
Buy a Paid Subscription The developments in the legal fight between the Federal Reserve Governor Lisa Cook and the second Trump administration have evolved quite rapidly over the past three weeks. It's past time to examine where we’ve been, where we
Recent events regarding Lisa Cook’s attempted firing by Donald Trump have convinced me to do a premium series on the history of racial segregation and the Federal Reserve. This is for a few reasons. First, I think it's difficult to understand
This is a free Notes on the Crises article. A reminder to readers that the various activities run out of the still-new Notes on the Crises office cost money, while an enormous amount of time and effort goes into my writing and my