How the Fed Distributes Billions of Dollars in Cash
We all know that the Federal Reserve tries to stabilize the economy by raising or cutting interest rates to balance inflation and unemployment. But the central bank’s mandate actually goes beyond mone...
13 Feb 202527min
This Is Why It's So Hard To Cut Public Spending
The Trump administration has come into office with big ambitions to lower the size of the US deficit. So far, a number of small items have been identified as possible waste. But to meaningfully bend t...
10 Feb 202539min
Philip Lane on the Big Problems Facing the Euro-zone Economy
There's a pretty widespread recognition that the EU is facing a bunch of economic challenges right now. Growth has been slowing and, as in many places, there's been post-pandemic inflation. But there ...
7 Feb 202546min
This Is Palantir's Vision for Changing How the US Does Defense Spending
This week, we saw shares of software maker Palantir soar after reporting earnings and describing demand for AI as being "untamed." But what does Palantir do, and what do they actually sell to the fede...
6 Feb 202547min
The Treasury Payment System Elon Musk Now Has Access To
Elon Musk and his Department of Government Efficiency (DOGE) have gained access to a unit within the Treasury Department called the Bureau of Fiscal Service. But what does this unit actually do? How c...
5 Feb 202528min
The Tariff Announcement That Shocked Financial Markets
Over the weekend, President Trump announced that he was following through with his plan for aggressive tariffs. Imports from Canada and Mexico will now be hit with a 25% tariff, while China will get a...
3 Feb 202521min
Marko Kolanovic Is Back With a Warning for Stocks
Marko Kolanovic was one of the biggest names in markets, earning the nickname 'Gandalf' for some eerily prescient calls over the years. But last July he left his role as JPMorgan's chief global market...
3 Feb 202548min
Lots More with Matt Levine on MicroStrategy's Infinite Money Machine
Everyone knows by now that MicroStrategy looks a lot like a giant Bitcoin ETF. Its founder, Michael Saylor, is a huge supporter of the cryptocurrency and his company has been snapping up billions of d...
31 Jan 202514min
