Economics
Understanding The Non-Existence Of Financial Constraints
The idea that there is no financial constraint on a floating currency sovereign bothers some people. However, it makes sense when we realise that a constraint is a limitation that is always binding. For a floating currency sovereign, it appears to be w…
The idea that there is no financial constraint on a floating currency sovereign bothers some people. However, it makes sense when we realise that a constraint is a limitation that is always binding. For a floating currency sovereign, it appears to be well accepted that it is not bound all the times by financial concerns. This is unlike a household, that has to remain within its spending capacity (as determined by its resources and ability to borrow) at all times.

Study Shows 186 Banks Are On The Brink Of Failure
The Fed has done it again: raised their interest rates for the 9th time on March 22, 2023, by 25 basis points. This brings the fed fund rate to 4.75%-5%….
‘What Lies Beneath’? Market Headlines Mask Mayhem Below The Surface This Week
‘What Lies Beneath’? Market Headlines Mask Mayhem Below The Surface This Week
At the macro level, strong PMI data today was the icing on the…
Biden Says “Banks In Pretty Good Shape” As Small Banks See Biggest Deposit Outflow On Record
Biden Says "Banks In Pretty Good Shape" As Small Banks See Biggest Deposit Outflow On Record
The Fed just released its weekly commercial bank…
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