Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

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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