Narrow banking is a concept for a bank that holds 100% reserves against deposits. It attracts people who are deeply concerned about the symbolic content of “money” on both the left (e.g. Positive Money) and the free market right (the Chicago Plan). Devotees of narrow banking are happy to talk your ear off about how their plans work, so I leave finding out more as an exercise as a reader. I just want to focus on the core principle: they want banks to not take risks lending deposits, so that...

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More on the practices of Medicare Advantage plains and also ACA, Medicaid and Medicare. The practice being delayed prior authorizations, the amount of time it takes, and the resulting tragedies. CMS proposes prior authorization rule changes for health plans, BenefitsPRO, Lauren Sausser Starting in 2026, a proposed CMS rule would require plans to respond to a standard request within seven days. This is instead of the current 14 days, and within...

Infidel753, “Prosecuting Trump — a caveat,” Infidel753 Blog It’s starting to look as if Trump may be indicted fairly soon, an event much of the left has been impatient to see for some time (what I myself most wanted was to simply never hear another word about him, but it’s clear that the reality we live in is not going to grant that wish for the foreseeable future).  The case coming to a head is the Stormy Daniels hush payment, but...

February existing home sales confirm prices have declined, but bottom in sales and construction may be in  – by New Deal democrat There were only two noteworthy takeaways from the February existing home sales report: (1) like mortgage applications, permits, and starts, existing home sales responded to lower mortgage rates (a decline from just over 7% to just above 6% between last October and January): (2) As usual, price changes lag...

Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Government Oversight Subcommittee, Kucinich had a ringside seat in unraveling the bank collapses after the housing bubble burst. He confronted the players in the field with withering questions in Congressional hearings. Now Kucinich...

[unable to retrieve full-text content]Dennis Kucinich & Michael Hudson Analyze the Banking Collapses: a lightly edited transcript March 15, 2023 Overview: This was an impromptu conversation precipitated by former Congressman Dennis Kucinich to have a deep dive discussion with a former economic advisor, Michael Hudson, on the shockingly large recent bank collapses. As the former chair of the powerful Continue Reading The post With Dennis Kucinich on the Financialized Economy, Collapse...

Forget 50 bps. Not even 25 bps. There could be no increase, and markets will go nuts. Here's how. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

A dual U.S.-Greek national working for Meta Platforms Inc. was hacked by the Predator spyware for around one year in Greece, the New York Times (NYT) revealed on Monday.At the time, Artemis Seaford was in Greece working as a trust and safety manager on Meta’s security policy team.Why she was hacked is unclear, but it’s now certain that her phone was hacked by Predator. According to NYT, this could make her the first known case of an American spied on in Europe using such technology.Predator...