Archive - Web of Debt

How to Escape the Federal Debt Trap

Dec 9 •

November 2024

Our Fragile Infrastructure: Lessons From Hurricane Helene

Buncombe County North Carolina – damage after Hurricane Helene floods.

Nov 4 •

September 2024

The Florida State Sunshine Bank: How a State-Owned Bank Can Protect Free Speech

Fifteen years have passed since the Occupy Wall Street movement focused attention on the inequities and hazards of large Wall Street banks, particularly…

Sep 11 •

August 2024

How Unelected Regulators Unleashed the Derivatives Monster – and How It Might Be Tamed

“It was not the highly visible acts of Congress but the seemingly mundane and often nontransparent actions of regulatory agencies that empowered the…

Aug 3 •

July 2024

The Supreme Court Takes on the Administrative State

In a highly controversial decision, the Supreme Court on June 28 reversed a 40-year old ruling known as Chevron deference, reclaiming the Court’s role…

Jul 13 •

June 2024

Why Does the Government Borrow When It Can Print?

In the first seven months of Fiscal Year (FY) 2024, net interest (payments minus income) on the federal debt reached $514 billion, exceeding spending on…

Jun 18 •

May 2024

Tackling California’s Budget Crisis: Raise Taxes, Cut Programs, or Form a Bank?

In 2022, the state of California celebrated a record budget surplus of $97.5 billion.

May 7 •

April 2024

By the Dawn’s Early Light: On the Fall of the Francis Scott Key Bridge

The Baltimore bridge that collapsed on March 26th was named for Francis Scott Key, who wrote the lyrics to the American national anthem "The…

Apr 7 •

March 2024

The Public Bank That Wasn’t: New Jersey’s Excursion into Public Banking

In 2017, Phil Murphy, a former Goldman Sachs executive, made the establishment of a public, state-owned bank a centerpiece issue during his run for New…

Mar 8 •

February 2024

Defusing the Derivatives Time Bomb: Some Proposed Solutions

The “protected class” is granted “safe harbor” only because their bets are so risky that to let them fail could crash the economy.

Feb 15 •

January 2024

Casino Capitalism and the Derivatives Market: Time for Another ‘Lehman Moment’?

Reading the tea leaves for the 2024 economy is challenging.

Jan 16 •

November 2023

Three Presidents Who Made Thanksgiving a National Holiday—And What They Were Celebrating

Nov 23, 2023 •

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