A collection of 11 posts
Early last week I started working on a piece on why the Federal Reserve didn’t step in during the Trump Tariff Financial Panic. The basic idea of that piece is simply that
It has been some time since I’ve provided detailed analysis of the Trump Tariff situation. Others are covering the details of the Tariffs themselves quite well. The best coverage of the tariff
I have a lot of writing to get out over the next couple of weeks, especially following up on the Trump Tariff Crisis and the Future of the Dollar. I also need to
Exactly seven weeks since the first interview Krugman did with me was published, I have another interview to bring readers -- it's focused on the bread and butter elements that make up a modern financial crisis.
For those just tuning in: I wrote a piece a day for the first three days of this week on what we should probably now term the “Trump Tariff Financial Crisis”. The only missing piece was the international financial architecture part, which is the subject of today’s piece.
Understanding what’s going on during the Trump Tariff stock market panic each day is extremely difficult. All of the most intricate and obscure questions about the Financial System’s “plumbing” become relevant all at once.
I don’t really know what to say. I’ll figure out what to say another time. Paul Krugman, who recently left the New York Times, interviewed me for his newsletter and the transcript of the conversation, as well as the video, are being posted in both of our newsletters.
Announcement: I'm putting on an end of year sale. For just 55 dollars a year you can subscribe and receive premium pieces of Notes on the Crises. This also helps support
Perhaps the most shocking thing I have come across in the minutes is that the Federal Reserve very nearly got rid of its own emergency powers.
An update on my major project of the moment: launching my 30,000 page database of FOIA minutes. All of the minutes have been uploaded to my website, but generating an accessible and
Yet, as successful as I have been at using FOIA regarding the Federal Reserve, I didn’t have the biggest Freedom of Information victory against the Federal Reserve System in 2023 (that had to wait for this year). Not by a long shot.