Jesse's Café Américain

Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said

Showing posts with label Fed Balance Sheet. Show all posts
Showing posts with label Fed Balance Sheet. Show all posts
08 October 2011

Modern Economics: The Money Masters and Modern Economic Theory - Credibility Trap

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Yesterday it was Yves Smith who took Paul Krugman to task. And I defended him in that instance in the comments. But now alas it's my t...
30 November 2009

Draining the Swamp: The Fed's Tri Party Repo Machine

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A triparty repo transaction is a transaction among three parties: a cash lender acting on behalf of all holders of dollars (the Fed), a borr...
25 September 2009

Do Ben and Tim = Thelma and Louise?

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One cannot help but note that Team Obama is trying to derail serious proposals regarding financial reform for Wall Street at the G20 meeting...
22 August 2009

When At First You Don't Succeed, Bring In the Reserves

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Someone asked why Bernanke seemed so positive about the US recovery, and what he would do if his prediction turned out to be incorrect. The ...
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