Monthly Archives: September 2026
How Kevin Warsh Inherited an Unwinnable Monetary War
When Julius Caesar marched his 13th Legion across the Rubicon River in 49 BC, he knew he was breaking a fundamental rule of the Roman Republic. But it was a calculated risk he chose to take. And, once crossed, there was no turning back. Continue reading
Posted in Government Debt, MN Gordon
Tagged ben bernanke, kevin warsh, monetizing debt, quantitative easing, treasuries
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Modest Reflections on Varying Tolerances to Extreme Pain
Last week Fed Chairman Kevin Warsh delivered his debut alpha dog speech from Jackson Hole, Wyoming. It was titled “In Our Time,” and was billed as a broad blueprint for how he intends to govern. Namely, he wants a quieter Fed. Continue reading
Posted in Government Debt, MN Gordon
Tagged debt bubble, fomc, interest rate, kevin warsh, scott bessent
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