Federal Reserve Archives - Public Seminar

Economy

Where Is the Risk in the COVID Economy?

A look at shadow banking

July 30, 2020 • by Janet Roitman and Andrew Moon

We are witnessing a public bailout of the private sector that dwarfs the bailout response to the 2007–2008 Great Recession. Compared to the $700 billion Troubled Asset Relief Program (TARP) implemented in 2008, today’s mobilization of public funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act amounts to ...

We Won’t Have a Truly Global Economy Until We Start Taxing It That Way

Reconstructing our tax system is an integral part of future national industrial policy as we restart the economy

July 2, 2020 • by Marshall Auerback

Taxation is one of those areas that exposes the contradictions at the heart of globalization. Globalization of goods has proceeded quickly, as has the harmonization of industrial standards across countries. Harmonization of taxation? Not so easy. The power to tax is the ultimate national prerogative, one that very few sovereign nations would ...

“Embeddedness” in the Federal Reserve Comic Books

An Inquiry into the Ideological Constructions of the Social

July 23, 2019 • by John P. Antonacci

Three such comic books can currently be accessed on the Federal Reserve’s website. The Fed’s website offers us a short introduction to the series, claiming that “The New York Fed’s Educational Comic Book series teaches students about basic economic principles and the Federal Reserve’s role in the financial system.” Entitled The Story ...