Thomas Saving’s Commentaries

When the Federal Open Market Committee’s meeting concluded last month, reporters focused on the federal-funds rate, announcing that it...

A Century of Federal Reserve Monetary Policy: Issues and Implications for the Future Hardcover by Thomas R Saving (Author) Synopsis:The...

The Federal Reserve System is paying banks not to lend money under an Obama era policy. Banks can often do better holding reserves on...

The most significant federal entitlement reform in our lifetime was a little noticed provision that Democrats included in the Affordable...

The Federal Reserve System is holding 20% of the federal government’s publicly held debt. It also is holding a lot of bank reserves. For...

The Fed balance sheet contains 20% of all publicly held federal debt and 34% of the value of all outstanding government-guaranteed...

By John C. Goodman and Thomas Saving Originally posted at Forbes, August 2017 Before the Senate voted on a “skinny” alternative to...

By Thomas Saving & Phil Gramm Originally posted at WSJ, October 2015 The Federal Reserve enjoys extraordinary independence from the...