Banking, Finance, Monetary News and History in the WSJ
No surprise the Wall Street Journal covers much banking, finance, and monetary policy in both it’s news and opinion sections. About WSJ opinion pages. Actual WSJ Opinion pages.
Stories range from ongoing regulatory and policy debates, to important debates in American history. For Stoa debaters considering an “ending the Fed” case, well that’s happened before with a similarly populist U.S. President.
• ‘The Bank War and the Partisan Press’ Review: Old Hickory’s Secret Weapons. Book review by James Grant.
Bank of the United States was one of the most consequential political struggles in the early nineteenth century. A fight over the bank’s reauthorization, the Bank War, provoked fundamental disagreements over the role of money in politics, competing constitutional interpretations, equal opportunity in the face of a state-sanctioned monopoly, and the importance of financial regulation—all of which cemented emerging differences between Jacksonian Democrats and Whigs.
The Bank War and the Partisan Press, Univ. of Kansas Press.
Two other banking, finance, monetary related WSJ articles:
• [six days old] WSJ editorial praising Facebook’s Libra cryptocurrency: Cryptocurrency to the Rescue: Facebook’s Libra could help the poor who lost credit after Dodd-Frank.
• Secret Laws for the Powerful
Federal agencies too often legislate via informal, obscure rules and letters. (SEC banking, finance “private” regulations discussed. Example: Lucia v. Securities and Exchange Commission)