The Federal Reserve System is paying banks not to lend money under an Obama era policy. Banks can often do better holding reserves on which the Fed pays interest rather than lending to private borrowers. In 2008, banks held 14 cent of reserves for every dollar of checking account deposits.
The most significant federal entitlement reform in our lifetime was a little noticed provision that … Read More
The Federal Reserve System is holding 20% of the federal government’s publicly held debt. It … Read More
The Fed balance sheet contains 20% of all publicly held federal debt and 34% of … Read More
By John C. Goodman and Thomas Saving Originally posted at Forbes, August 2017 Before the … Read More
By Thomas Saving & Phil Gramm Originally posted at WSJ, October 2015 The Federal Reserve … Read More