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Is the Fed breaking the law by paying too much interest?

George Selgin had an interesting post describing how the Fed appears to be breaking the law by paying too much interest to reserve-holders....

Would it make sense for firms to try to slow down their equity structure? Equity markets are made of two classes of participants. The minori...

National Bank of Greece depository receipt certificate ( source ) If you're like me and you like to: 1) explore anomalies in markets; an...

Measuring liquidity is a pain in the ass. The value of a good, say an apple, is easy to calculate; just look at the market price for apples....

It would be wrong to blame the economics blogosphere's failure to foresee the 2008 credit crisis on complacency. Better to say that blog...

In his first blog skirmish , Ben Bernanke took on Larry Summers' secular stagnation thesis, generating a slew of commentary by other blo...

Here's a conundrum. Many commentators have been trying to puzzle out why stocks have been continually hitting new highs at the same time...

Does a lowering of a central bank's interest rates create inflation or deflation? Dubbed the ' Sign Wars ' by Nick Rowe, this ha...

I like to say that everything is money, which is just another way of saying that all goods are liquid to some degree or other. Whether it be...