PCB Links: Does the Fed need a new beginning?
On Kevin Warsh’s comms approach, new research on Fed accounts, Woke 1 and elite academia, and going 53 mph in rural Maine on a beautiful road bike ride.
PCB Central
My personal blog on banking, central banking, law, politics, history, religion, music, cycling, triathlon, books, and powerlifting.
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Latest posts
It's done - submitting The Federal Reserve: An American History
After ten years and thousands of hours, I have submitted my draft political history of the Fed
Trump continues his war against Fed independence
After a brief reprieve, Trump is back with his pretextual war against Lisa Cook, which is in fact a war against the Federal Reserve
PCB Links: Kevin Warsh had a rough day
Thoughts on the Fed Chair's disastrous press conference, the logic to his reticence (and the WSJ's flip on discretionary central banking), Texas as a business Mecca, and more on mentoring young people
PCB Links: The Start of the Warsh Legacy
Plus thoughts, again, on the Starling report and the President's potential attempt to weaponize it, AI mania and the 1990s, a Tour de France for the ages, and Rides of the Week
PCB Links: The Fed has reached peak task force
Plus thoughts on Better Markets, Open USD, a review of Regime Change, the LDS institution of YW camp, and a plea on Swiss Epic
PCB Links: Trump Seems Poised to Accept the Court's Invitation to Mangle Fed Independence
Plus thoughts on the SVB probe, the Atlanta Fed president search, Tadej Pogacar's classy greatness, why you don't have to like Graham Platner to hate Donald Trump, and more
What the Supreme Court should have done in Trump v. Cook
The Court's opinion exposes it -- rightly, in my view, even as I celebrate the outcome -- to searing critique of playing politics. There was a better way.
Lisa Cook prevails...barely
As widely expected. But much else about the opinion surprised me
Monday Links: Vice Chair Bowman Showed Very Poor Judgment
Thoughts on Bowman's ginning up business for Bank of America during FOMC blackout, Alan Greenspan, Lisa Cook's legal defense fund, taking advice from dad, and making music with my son at a wedding