Archive for the ‘New Posts’ Category

The House and the Fed go in opposite directions on financial market oversight.

December 10th, 2014

Ensuring that financial institutions have adequate capital buffers is an essential line of defense against the bubbles and busts that have characterized the US business cycle in recent decades, at great cost to the living standards of most households. So I was happy to see the Fed’s proposal to kick up banks’ reserve requirements, especially… Read more