A collection of 13 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
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.
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.
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Before Silicon Valley Bank failed last week, I was considering writing a post examining the Federal Reserve’s policy framework in the context of the last sixty years of monetary policy’s history.
Normally I do not release pieces on Saturdays or Sundays. However, this is the third anniversary of the first piece I ever sent of this newsletter. That brief note, appropriately titled “Sign of