In the past month, we’ve seen some of the largest bank failures since the Great Financial Crisis, with Silicon Valley Bank (SVB) leading the way, followed by Signature Bank and […]
Tag: Crisis
The Climate Collapse Thesis
In 2003, someone leaked a “secret” Pentagon report warning of the dire consequences of climate change. “Disruption and conflict will be endemic features of life,” it reads. “Once again, warfare […]
The Fed Is Bankrupt
Federal Reserve Chair Jerome Powell recently testified before Congress on the current state of the US economy. In addition to monetary policy, Powell was questioned about the Fed’s regulatory proposals […]
Don’t Expand Deposit Insurance. Abolish It!
The collapse of Silicon Valley Bank has some policymakers considering expanding government deposit insurance to cover all deposits. Those advocating such a move believe it will help stabilize the banking […]
Silicon Valley Bank: Mismanagement Is Not an Excuse for Inefficient Regulation
According to Michael Barr, the vice chair for supervision at the Federal Reserve, Silicon Valley Bank’s failure was a “textbook case of mismanagement.” Perhaps that’s unsurprising. Regulators are unlikely to […]
Fed Raises Rate, But Signals Potential Pause in May
The Federal Open Market Committee (FOMC) moved forward with an anticipated 25-basis-point increase in its federal funds rate target on Wednesday. It no longer, however, “anticipates that ongoing increases in […]
People Should be “Seething Mad” Over COVID – And Much More
From early in 2020 until well into 2022, government officials in most countries imposed an array of draconian policies that were said to be necessary to protect the populace against […]
Has the Discount Window Mystery been Solved?
On January 25th, I wrote about the increasing borrowing activity taking place at the Fed’s discount window. I commented that, despite popular perceptions, not all the borrowing at the discount […]
Silicon Valley Bank: Bespoke, Woke, and Restoked?
As these things tend to, the collapse of Silicon Valley Bank (SVB) has given rise to a host of wide-ranging discussions. Again comes a long weekend of fear and conjecture, […]
Hospitalized With, or Hospitalized For?
“You can fool all of the people some of the time; you can fool some of the people all of the time, but you can’t fool all the people all […]