The Debt Limit is Not a Spending Limit

Reviewing a Fed-initiated alternative to the platinum coin.

May 18 • 

Brian Flaherty

3

America's Trade Deficit Should Be Bigger, Not Smaller

Imports cost money and earn resources. Exports earn money and cost resources.

May 5 • 

Brian Flaherty

5

April 2025

The False Premise of the Mar-a-Lago Accord

Don't blame the dollar for America's manufacturing decline.

Apr 6 • 

Brian Flaherty

1

March 2025

We Don't Know What Impact China Tariffs Are Having

Searching for $86 billion in missing imports.

Mar 16 • 

Brian Flaherty

February 2025

Sovereign Wealth Funds for Monetary Sovereigns

When would an American sovereign wealth fund make sense?

Feb 27 • 

Brian Flaherty

4

2

Musk's Recklessness Risks Financial Catastrophe

DOGE's efforts to access the Treasury's payment systems create an unacceptable risk of default on America's debt.

Feb 9 • 

Brian Flaherty

4

1

January 2025

Are Stock Investors Doomed?

Why bearish analysis from JPMorgan is less convincing than it might seem.

Jan 19 • 

Brian Flaherty

2

Bond Vigilantes: Behind the Curtain

Although bond markets may try to intimidate governments, monetary sovereigns only have themselves to fear.

Jan 12 • 

Brian Flaherty

1

Argentina: The Currency Competition That Wasn't

Despite Milei's pronouncements, currency competition in Argentina won't be very competitive after all.

Jan 5 • 

Brian Flaherty

November 2024

Tether's Balance Sheet Operations

Funding quasi-dollars with dollars can make things weird.

Nov 11, 2024 • 

Brian Flaherty

September 2024

Bank Capital Doesn't Exist

Not outside of a balance sheet, anyway.

Sep 17, 2024 • 

Brian Flaherty

1

In Praise of Fiscal Irresponsibility

Let's stop treating the deficit like a serious issue.

Sep 9, 2024 • 

Brian Flaherty

2