Office of Financial Research

A collection of 2 posts

Oct 15, 2025

What the Hell is a Government Shutdown Anyway? The Accounting Gimmicks at the Heart of the Federal Budget

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

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Jun 10, 2025

The “One Big Beautiful Bill Act” Eliminates the Office of Financial Research—Threatening the Stability of the Treasury Market

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

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