The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
By Jane L. Johnson
"The Federal Reserve is losing money, according to its official books. Does that matter, or does the Fed operate outside the bounds of the laws of economics?"
- Other than being deeply ironic, what is the significance of a central bank losing money?
If the Economy Is So Great, Why Are Tax Revenues So Weak?
By Ryan McMaken
"Federal deficits continue to spiral upward, but deficits aren't just a function of federal spending. Deficits aren't necessary if tax revenues increase to match spending."
- The federal government can paper over their deficits by running the printer, but states and municipalities might start entering fiscal death spirals if their tax revenues collapse.