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Capitalism

Where Money Comes From

Many people view money and banking similarly to how the field is idyllically portrayed in the movie It’s a Wonderful Life, in which Jimmy Stewart’s S&L takes in deposits and lends them out to individuals in the community.

 

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The Risks of Quantitative Tightening

Quantitative easing (QE) became quantitative tightening (QT) in October 2018. That was when the number of treasuries and mortgage-backed securities (MBS) not being reinvested ($50 billion per month) by the Federal Reserve was close to the level of maturing treasury bonds and mortgage payments from homeowners.

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Congress and the New Tax Bill

Apparently, the Congress does not know who benefited from QE nor do they understand how the Federal Reserve reduces their balance sheet. Because if they did, there is no way they would support this tax bill.

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If you’re concerned about your financial future, let’s talk

If you’re concerned about your financial future, let’s talk