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Economy
Economy
The DOGE Program and the US Economy: Spending Cuts, GDP, and the Federal Deficit
March 23, 2025
An analysis of the proposed DOGE federal spending cuts, examining the arithmetic of GDP components, systemic debt mechanics, and the economic consequences of deficit reduction.
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Economy
Why Bank Deposits Can’t Leave the Banking System: A Guide to Bank Reserves, QT, and Loan Paybacks
January 30, 2025
Why headline claims of deposits "leaving" the banking system misunderstand commercial bank balance sheets, reserve transfers, loan extinguishing, and QT mechanics.
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Economy
Is Inflation Transitory or Here to Stay? Quantitative Easing, Spending, and Money Creation
January 27, 2025
One of 2021’s biggest financial stories is the comeback of inflation. It may be transitory, as the Federal ...
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Economy
Unveiling the Truth Behind Money Creation: How Commercial Banks Create Money Out of Thin Air
January 27, 2025
An examination of whether inflation stems from supply shocks or money creation, analyzing pandemic relief spending, quantitative easing, and where new money enters the economy.
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Economy
Understanding Trade Deficits: Economic Theory, Currency Markets, and Modern Policy
January 27, 2025
Understanding Trade Deficits: Economic Theory, Currency Markets, and Modern Policy By Tim Hayes, Financial Advisor for the Public and Not-for-Profit Sector Learn how trade deficits ...
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Economy
Professor Campbell Harvey’s Yield Curve Research: How Inversions Predict Recessions
September 26, 2024
An inverted yield curve has predicted eight straight recessions. Learn why Professor Campbell Harvey's 3-month versus 10-year Treasury metric matters for your retirement portfolio.
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