Bill Foster: “I'd like to speak a little bit about the issue with the Jasons that I believe you're familiar with.”

The good news is that macroeconomic policy is working as designed.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----