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May 31, 2023
These claims are misleading, if not demonstrably false.
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May 23, 2023
Alex Pollock questions the Federal Housing Finance Agency's proposal which effectively taxes mortgage borrowers with good credit in order to provide subsidies to riskier borrowers.
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Apr 28, 2023
Alex Pollock and Paul Kupiec consider a hypothetical debt ceiling solution in which the Federal Reserve forgives treasury debt.
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Apr 11, 2023
We do not recommend such an action but see nothing in law or current Federal Reserve accounting and operating practices that would preclude it.
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Mar 22, 2023
Alex J. Pollock explains the banking crisis and how Biden's bailout of Silicon Valley Bank is a transfer of taxpayer money.
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Mar 1, 2023
Since September 2022, the Federal Reserve has lost about $36 billion. A big number!—and notably big compared to the Fed’s stated capital of $42 billion. Thus the...
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Jan 26, 2023
If the Treasury revalues its gold holding to current prices, we calculate that it can deposit $494 billion in new gold certificates at the Fed.
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Jan 18, 2023
At current interest rates, the Fed’s operating losses will impact the federal budget for years, requiring new tax revenues to offset the continuing loss of billions of dollars.
May 31, 2023These claims are misleading, if not demonstrably false.
May 23, 2023Alex Pollock questions the Federal Housing Finance Agency's proposal which effectively taxes mortgage borrowers with good credit in order to provide subsidies to riskier borrowers.
Apr 28, 2023Alex Pollock and Paul Kupiec consider a hypothetical debt ceiling solution in which the Federal Reserve forgives treasury debt.
Apr 11, 2023We do not recommend such an action but see nothing in law or current Federal Reserve accounting and operating practices that would preclude it.
Mar 22, 2023Alex J. Pollock explains the banking crisis and how Biden's bailout of Silicon Valley Bank is a transfer of taxpayer money.
Mar 1, 2023Since September 2022, the Federal Reserve has lost about $36 billion. A big number!—and notably big compared to the Fed’s stated capital of $42 billion. Thus the...
Jan 26, 2023If the Treasury revalues its gold holding to current prices, we calculate that it can deposit $494 billion in new gold certificates at the Fed.
Jan 18, 2023At current interest rates, the Fed’s operating losses will impact the federal budget for years, requiring new tax revenues to offset the continuing loss of billions of dollars.