The Postmortem On Federal Reserve Quantitative Easing

ImportantCool’s money man Joe McIvor on the ins and outs of creating money from nothing

The United States Federal Reserve has signaled that it is ending its program of “Quantitative Easing”, the controversial program of negative real interest rates and massive asset purchases funded by effectively “printing” money. So was printing a bunch of money to support the financial system a good thing? Well…and this may seem weird coming from someone on the political left…but sort of. Continue reading

From Ferguson to Finance: Understanding America via Matt Taibbi’s ‘The Divide’ (2014)

Matt Taibbi invites readers to compare how US law enforcement selectively enforces the law based on class and race
Matt Taibbi shot to fame in 2009 as Rolling Stone’s white-collar crime correspondent. Documenting Goldman Sachs’s role in the 2008 sub-prime mortgage scam, Taibbi dubbed the bank “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

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