Blockchain technology has been a boon for counter-economists. Prior to Satoshi's white paper, in order to conduct a transaction with an individual or firm not physically present, a third party was required to verify transmission and receipt of funds. Historically, the...
Lost in the media’s obsession with the impeachment circus last week was Federal Reserve Chairman Jerome Powell’s testimony on the state of the economy before the Joint Economic Committee. In his testimony, Chairman Powell warned that when the next recession inevitably...
When the New York Federal Reserve began pumping billions of dollars a day into the repurchasing (repo) markets (the market banks use to make short-term loans to each other) in September, they said this would only be necessary for a few weeks. Yet, last Wednesday,...
Attorney General William Barr recently sent a memo to law enforcement officials announcing a new federal initiative that would use techniques and tools developed in the war on terror, such as mass surveillance, to identify potential mass shooters. Those so identified...
The Federal Reserve lowered its benchmark interest rate on Wednesday, cutting the target federal funds rate by 0.25 percent to a range of 0.5 to 0.75 percent. The Fed's rate-setting committee, the FOMC, has now cut rates three times this year. The committee's rhetoric...
Volunteering rates have been on the decline since 2003, according to a 2018 analysis of Census Bureau data by the Do Good Institute at the University of Maryland. And at the heart of this decline, the study found, is people’s own hardships, as higher levels of...
National Savings Day sets aside October 12th to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem. Not a day the Federal Reserve celebrates. The daily level of the federal funds rate back...
Since September 17, the Federal Reserve Bank of New York has pumped billions of dollars into the repurchasing (repo) market, the first such intervention since 2009. The Fed has announced that it will continue to inject as much as 75 billion dollars a day into the repo...
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