Category Archives: Government Policy

A Map of the Information Network that Failed

Earlier this week I wrote a piece describing the current capital market collapse as a cascading network failure of the information network that we call the capital market. The piece was based upon work in Chapter 7 of my new … Continue reading

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Fear, Currency Holdings, and the Fed

The chart below shows the amount of currency held by the public through last Friday. Can you detect a pattern? When people get scared, as they are now, they pull money out of the bank, out of money funds, and … Continue reading

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