Mark Calabria
@MarkCalabria
Mostly #scuba #cats #econ #finance #housing #JamBands fan feed. Notifications off. Author “Shelter from the Storm: How A COVID Mortgage Meltdown Was Averted”
A decade ago - seems little has changed -> Fed Oversight: Lack of Transparency and Accountability | Cato Institute cato.org/publications/t…
Fun Fact: Federal Reserve Board operating expenses have *quadrupled* from 2004 to 2023, reaching ~$1 billion in 2023, according to the Annual Reports of the Board of Governors of the Federal Reserve System. federalreserve.gov/publications/a…
.@SecScottBessent calls for an exhaustive internal review of non-monetary policy operations at the @federalreserve
.@SecScottBessent: "What we need to do is examine the entire Federal Reserve institution and whether they have been successful... All of these Ph.D.s over there, I don't know what they do... This is like Universal Basic Income for academic economists."
Sun drying tomatoes at the foot of Mount Etna in Sicily
When Bricks Meet Bytes: Does Tokenisation Fill Gaps in Traditional Real Estate Markets? @SSRN papers.ssrn.com/sol3/papers.cf…
If anything, I have an even lower view of Dodd-Frank today than when I offered this testimony-> The Dodd-Frank Act Five Years Later: Are We More Stable? | Cato Institute cato.org/testimony/dodd…
Fed is not self-funded, but indirectly funded by the public. This is because the Fed remits its net income to the Treasury - the more the Fed spends the less it income it remits to Treasury. Large Fed spending on things like new buildings increases the federal deficit.
Confirmed, 69-30: Confirmation of Executive Calendar #65 Luke Pettit to be an Assistant Secretary of the @USTreasury.
Spotted on colleague’s desk at OMB, carried at White House library @GeorgeSelgin
Scientists detect biggest ever merger of two massive black holes theguardian.com/science/2025/j…
Wish you were still here: what happened to the one-hit wonders of 80s package holiday pop? theguardian.com/music/2025/jul…
From tiger-nut milk to strawberry pasta: what Europeans eat to beat the heat theguardian.com/food/2025/jul/…
A century of art dealing in New York. The rise of American art - The Economic History Review - Wiley Online Library onlinelibrary.wiley.com/doi/abs/10.111…
Shared Destinies? Small Banks and Small Businesses academic.oup.com/rfs/article-ab…
Lucky to catch this one, great way to open the 2nd set #GratefulDead - Sugaree 7/12/89 youtube.com/watch?v=UiOrZG…
Of House and Home-Related Goods: The Home Purchase Channel of Expenditure @SSRN papers.ssrn.com/sol3/papers.cf…
Building Costs and House Prices @SSRN papers.ssrn.com/sol3/papers.cf…
Could be 90 degrees out and someone still has to have their heating pad #cats #Lila
Mortgage Market Structure and the Transmission of Monetary Policy During the Great Inflation @SSRN papers.ssrn.com/sol3/papers.cf…