Topic: Financial Markets

Bank Term Funding Program Discounts the Discount Window

“The Fed says it created BTFP to ‘support American businesses and households.’ But those businesses and households will ultimately be on the hook if the Fed’s risk-taking turns out to be too much.” ~ Nicolás Cachanosky

The Path to Full Stagflation

“The US economy looks to be pointed in a troubling direction. Federal unemployment data shows record low unemployment, but state-level data paints a different picture: one where the current ‘stagflation lite’ conditions could soon become fully stagflationary.” ~ Peter C. Earle

An Astonishing Proposition

“Does the Biden administration believe that home buyers have the moral duty to sacrifice their own objectives in order to help others achieve their goals, and the government should enforce this moral duty?” ~ Peter J. Wallison

Apple’s Advantage as a Corporate-Backed Bank Alternative

“A more diversified ecosystem for financing has the potential to encourage and incentivize a dynamic and innovative economic system, which is why Apple’s gearing up for what seems to be neobank status is certainly worth paying attention to.” ~ Kimberlee Josephson

Stagflation Lite: 1st Quarter US GDP Growth Weakens to 1.1 Percent Amid a Renewed Inflationary Surge

“The current US economic environment could be categorized as stagflation lite, demonstrating as it does relatively resilient employment amid increasingly entrenched inflation and weakening growth.” ~ Peter C. Earle

Comment on Docket No. OP-1793,’Principles for Climate-Related Financial Risk Management for Large Financial Institutions’

Hayek and Bitcoin

“By seemingly enormous coincidence, Satoshi (assuming he was unaware at the time), would have probably been delighted to learn that in Hayek’s same ‘sly roundabout way’ video interview, he held up a copy of The Times newspaper and declared: ‘I read this everyday.’ Great minds think alike.” ~ Emile Phaneuf

Caitlin Long: Fighting for Economic Freedom (Video)

“In this episode of Liberty Curious, Kate Wand spoke with Caitlin Long, founder of Custodia, a financial institution anchored around bitcoin, sound money, and safe banking.” ~ AIER

Explaining Money and Banking: Escape Routes Out of the Quicksand

What’s To Blame for the Banking Crisis?

“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

ESG Investing: Today’s Virtue of Tomorrow’s Taboo?

“In the same way that society destroys statues erected to commemorate yesterday’s heroes, EGS investors run the risk of being judged harshly by future citizens who have the benefit of hindsight.” ~ Ramon P. DeGennaro

The Wealth of Nations Rediscovered: Integration and Expansion in American Financial Markets, 1780–1850