The Federal Reserve’s Capital Has Now Plummeted to Negative $121 Billion
The Fed presumably has an “implied guaranty” from the Treasury, but it seems certain that Congress never dreamed that the Fed could experience the losses and the negative capital that are now reality.
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The French Revolution
What happens when the Department of Government Efficiency fails? Human devolution or political revolution? Or both?
The Poor Man of Nippur an...
The Austrian school recognizes that economic analysis is timeless and the ancient story of “The Poor
Marxism and the Cultural ...
The Cultural Revolution continues apace in this country and it is aimed at all of the