Topic: Crisis

A Tragedy in Waiting

– April 28, 2023

“Taking away someone’s means of self-defense, making her vulnerable to criminal attacks, is a violation of that person’s rights. Waiting periods for gun purchases do precisely that.” ~ Jason Sorens


The Fed Is Bankrupt

– April 14, 2023

“The most recent data show that the Fed owes the Treasury over $41 billion, which exceeds its total capital. The Fed, by common standards, is indeed insolvent.” ~ Thomas L. Hogan


The Climate Collapse Thesis

– April 12, 2023

“The COVID-19 pandemic showed what can happen to a society that is being shut down in the name of saving humanity. That was but a taste of what the powerful will do if we accept the Climate Collapse Thesis and all the “action” that comes with it.” ~ Max Borders


What’s To Blame for the Banking Crisis?

– April 10, 2023

“It’s crucial for policymakers to not revert to zero interest rates and ample liquidity, and go down the same cycle once again.” ~ Siddharth Gundapaneni


Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation

– April 3, 2023

“The mismanagement was endogenous to the regulatory regime. Rather than promoting financial stability, regulators have undermined it. Doubling down on a failed strategy will not make things better.” ~ Nicolás Cachanosky


Don’t Expand Deposit Insurance. Abolish It!

– April 1, 2023

“Deposit insurance creates perverse incentives that weaken market discipline and encourage excessive risk-taking. Expanding deposit insurance will only make these problems worse.” ~ Bryan P. Cutsinger


Fed Raises Rate, But Signals Potential Pause in May

– March 23, 2023

“In 2021 they were looking for help from recovering supply chains. Now, they are looking for help from tight financial markets. It’s time FOMC members help themselves — or, God help us all.” ~ William J. Luther