Bill Foster: “Do you view these as unimportant technologies? What is the motivation for shutting these down?”

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

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.

I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.