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The idea that no one can see bubbles, as one former chairman of the Federal Reserve once announced, simply isn’t true.

Stephen A. Schwarzman • What It Takes

Currently, gold is valued at $42.22/oz on the American balance sheet. Technically speaking, the Treasury issues a gold certificate to the US Federal Reserve (Fed), which the Treasury values at $42.22/oz. Suppose Bessent can convince the US Congress to change the statutory price of gold, thus devaluing the dollar vs. gold. In that case, the... See more

Arthur Hayes • Trump Truth

There's a 98% chance Jerome Powell starts today's press conference with "Good Afternoon." The last time he skipped it the Dow plunged 800 points. What could go wrong? https://t.co/MwHDaKkNm0

Polymarket x.com

In turn, the national debt would rise from 35 percent of GDP in 2003 to 50 percent of GDP in 2013—the highest since the mid-1950s, when the United States was still paying down the debt it incurred to fight World War II. The projected red ink and increased debt would be even greater in the years thereafter, when the baby-boom generation reaches

Paul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina

the determination whether interest rates need to go up, down, or stay the same—are made by a committee within the Fed called the Federal Open Market Committee (FOMC), which consists of the board of governors, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis.

Charles Wheelan • Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)

In December 2010,

Michael Green • In Gold We Trust? The Future of Money in an Age of Uncertainty (Kindle Single)

Relying largely on intuition and common sense, Woodin had cut through a fog of financial advice and adopted the simplest of all possible solutions: the government would simply print new money. It would be backed not by gold or silver but by the assets of the banks in the Federal Reserve system.

Jean Edward Smith • FDR

the Federal Reserve issued up to 2½-times more receipts than gold

John Rubino • The Money Bubble

Credit boom bubbles are the ones that pose the greatest danger to real economic activity.