Bill Foster: “I have introduced the Electronic Currency and Secure Hardware (ECASH) Act.”

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

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.

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

I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.