March 23, 2023 The Achilles’ Heel of Modern Banking Your bank account balance does not represent the number of dollars stored in a vault somewhere. It represents how much money the bank owes you. Read more
February 9, 2023 Quantitative Easing in Disguise? The Fed is headed for an annual operating loss for the first time in 108 years. They will soon be forced to print the money to cover their expenses. A conundrum, indeed! Read more