Wednesday, October 30, 2019

Learn Economics Topic Twenty Five

25. Interest on Bank Excess Reserves:

The Fed Did Not Save Real Estate But Gives Banks Welfare Checks

The Fed killed all subprime real estate, but it all didn't deserve the death penalty. In return for this Fed behavior, banks now get welfare checks from the people of the United States of America while GDP declines.

Negative Rates Bad, Negative IOR Good Says Scott Sumner. The IOR Debate

Speaking to differences between negative interest rates and negative IOR, as well as to the debate between the market monetarists and Cullen Roche on the impact of interest paid on reserves.


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While I have supported some economic policy, it turns out that racism was a strong motivator for some of those policies. I oppose racism in all forms and prove my commitment by rejecting anything other than the Westphalia or Westfalia view of sovereignty, which is mutual respect for all nations by all other nations. 

Perverse sovereignty is as bad or even worse than excesses in globalization which gives banks power over governments. Both are ultimately bad for America. This blogger supports free trade and opposes a border tax. But government should be stronger in order to rein in big banks who abuse the people with toxic loans.

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