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The Many Harms of Unlimited Deposit Insurance
Unlimited deposit insurance – the government guaranteeing that bank accounts of any size be made whole-in the event of a bank failure – would create…
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Fed Credibility Depends on it Continuing to Raise Rates
Today’s federal funds rate hike is good news because it signals commitment. That will help the public to expect the Fed to continue to…
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Desperately Seeking Regulatory Restraint
Our friends at the Wall Street Journal editorial board recently published a timely warning about the surge in federal regulation being pushed by the…
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Protecting Pensions from Politics
Congress recently voted to protect pensions from politicized mismanagement and ESG fads, but President Biden has announced that he will be vetoing the measure. I…
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Silicon Valley Bank, ESG, and Political Favoritism
Last weekend we all saw the beginnings of what has now become a major meltdown for Silicon Valley Bank. The bank was quickly closed by…
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Legislation Introduced to Curb Federal Forfeiture
Earlier this month, Congressman Tim Walberg (R-MI) reintroduced the Fifth Amendment Restoration Act (FAIR) Act. This measure is aimed at curbing federal forfeiture…