Is it Legal for the Federal Reserve to Provide State & Local Governments Unlimited Credit Lines?
Five months ago I wrote an article [https://www.crisesnotes.com/stanch-the-bleeding-from-local-and/] making the case that state and local governments should issue their own complementary currencies to stabilize their financial situations. In that piece, I argued that these complementary currencies would be more successful if the Federal Reserve created swap
Mission Creep at the Federal Reserve? Or Mission Focus?
Low Interest Rates Don't Drive Market Concentration
The “Fiscal Cliffication” of Fiscal Policy is Incredibly Dangerous — and it's Not Going Away
My First Guardian Op Ed:Millions of Americans risk homelessness if the $600 unemployment benefit ends
Hello Readers, I’m excited to bring you my opinion piece in the Guardian on the urgency of reauthorizing the expired unemployment benefits. As you know, my ability to write for these broader outlets is made possible by paid subscriptions at Notes on the Crises. It is your support which
The Way People Talk About the Federal Reserve’s “Big” Balance Sheet is All Wrong
A constant discussion in central banking circles revolves around the Federal Reserve’s “large balance sheet”. I discussed the issues that emerged last September — usually referred to as “repo madness” — all the way back in Part 1 of my series on the Federal Reserve’s Coronavirus actions [https://www.crisesnotes.
Where do profits come from?
State and Local Austerity is a Death Trap – Rip it Up and Start Again.
Personal Business: A Matching Fundraiser
I'm turning Notes on the Crises into a full-fledged publication
Suspending Evictions is About Saving Landlords From Themselves
On Thursday [https://www.crisesnotes.com/congress-is-a-month-away-from-cutting/] I wrote about how congress needs to extend Federal Pandemic Unemployment Compensation (FPUC) or millions of households in the United States would be facing desperate crises. If anything, I understated how dire circumstances are. Millions of U.S. households are already facing desperate