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Implicit Too-Big-To-Fail Subsidy, Q1 2010-Q2 2021

Proposed Leverage Buffer and Credit Risk Transfer Rules Contradict the FHFA's Goals

Stephen Matteo Miller and Thomas Hoenig

November 24, 2021 | Financial Markets

 

FHFA’s proposed rulemaking improves the usefulness of the risk-weighted capital analysis introduced in an earlier proposal to establish minimum capital requirements for the enterprises. Nevertheless, it requires that FHFA assume that its models can anticipate and accurately measure shifting risks within a highly dynamic market, which too easily misleads the public regarding the enterprises’ financial resiliency. This public interest comment, while recognizing improvements to the proposal, offers several recommendations to strengthen it further for judging the enterprises’ capital and financial strength.

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Experts are Making Their Bets on Inflation. Here’s Mine.

Bruce Yandle

11/23/2021  •  The Bridge

 

Don’t Blame Big Oil Companies for High Gas Prices

Alden Abbott

11/22/2021  •  Discourse Magazine

 

Biden's FTC Charade Won't Lower Gasoline Prices

Bruce Yandle

11/23/2021  •  Washington Examiner

 

Scott Sumner on Monetary Policy

Scott Sumner

11/20/2021  •  The Not Unreasonable Podcast

 

Former Kansas City Fed President Thomas Hoenig on Biden’s Expected Fed Chair Nomination

Thomas Hoenig

11/22/2021  •  CNBC Worldwide Exchange

 

Fed Faces Tough Decisions as Inflation Remains 'More Than Transitory': Hoenig

Thomas Hoenig

11/23/2021  •  Fox Business

 
 
 
The Pall of Politics Descends Upon American Medicine

The Pall of Politics Descends Upon American Medicine

Robert Graboyes

November 24, 2021 | Discourse Magazine

 

Politics, and in particular hard-left “wokeness,” is infecting American medicine’s bloodstream. The danger cannot be overstated. It threatens medical professionals, patients, medical science and America’s civic life. Like so many societal pathologies, this one seems to have turned septic during the COVID-19 pandemic. The most prominent symptom is a newly released document that is at once laughable and terrifying.

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On Pfizer, COVID, and Charity

Robert Graboyes

11/23/2021  •  Inside Sources

 
 
 
State Preemption and Multifamily Housing

State Preemption and Multifamily Housing

Salim Furth

November 23, 2021 | Land Use Regulations

 

The policies embodied in H. 298 reflect the rising trend of state laws around the country that reframe local zoning authority with the intent of expanding housing supply. The United States, and Massachusetts especially, need more homes. The steady rise of prices and rents reflect a decade of underproduction nationally, and decades of underproduction in eastern Massachusetts. Increasing the supply of new housing would slow the rise of rents and home prices, reduce residential segregation, and expand opportunity for thousands of citizens.

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Elon Musk and the Coming Federal Showdown Over Driverless Vehicles

Elon Musk and the Coming Federal Showdown Over Driverless Vehicles

Adam Thierer and John Croxton

November 22, 2021 | Discourse Magazine

 

Afunny thing happened on the way to the world of driverless vehicles: No one created any formal rules of the road to govern them. Many industry insiders predicted that Congress would implement a federal framework by now, but years of wrangling have led to nothing.

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Mercatus Podcasts

 

Markus Brunnermeier on The Resilient Society

David Beckworth

11/22/2021  •  Macro Musings

 

Creating Affordable Housing

Shruti Rajagopalan

11/25/2021  •  Ideas of India

 
 
 

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