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
Financial crisis nerds have had quite a weekend. In short order the one-of-a-kind Silicon Valley Bank began to reportedly be experiencing losses, and large uninsured depositors began loudly and aggressively “pulling” their deposits.
Subscribe [https://www.crisesnotes.com/#/portal/signup]On this episode we have a
very special guest, economist Daniel Mitchell on his time as the chief economist
of Nixon’s pay board, the “wages”
This is a Premium Pieces of Notes on the Crises
In my last piece
I focused on laying out how I view the “inflation” conversation that has been