Special announcement: As I said Friday, I have secured a fiscal sponsor for Notes on the Crises. That fiscal sponsor is the organization the “Alternative News Foundation” (ANF). What that means in practice is that people can make tax deductible donations to Notes on the Crises. I will| Notes on the Crises
Support Notes on the Crises! Hello readers; I’m long overdue for major updates across a whole range of issues. I have continued to work full time on Notes on the Crises but the work of setting up a physical office takes significant time and energy. Among other things, I| Notes on the Crises
Publisher’s note (Nathan Tankus): A while ago I got the permission of my friends at Bloomberg Oddlots to clean up and publish transcripts of episodes that they didn’t have the time or inclination to produce (Incidentally, you can check out the New York Times profile of Oddlots published| Notes on the Crises
This is the second installment in the Notes on the Crises series on the IRS. While the first essay traced how the agency has become a political target and potential tool of authoritarianism, this piece investigates how DOGE’s so-called tech modernization efforts may further entrench those risks.| Notes on the Crises
How Trump, DOGE, and Project 2025 Are Turning the IRS Into a Tool of Authoritarian Rule Editor’s Introduction: Hello readers, it's Nathan Tankus and I am very happy to bring to you the first in a long multi-part series on the IRS spearheaded by Anisha Steephen.| Notes on the Crises
email me to inquire I- Nathan Tankus- have never mentioned it to my email list, but in the fine print of my website I’ve always listed that I’m available for paid speaking engagements. This came out of people reaching out to me organically inquiring if this| Notes on the Crises
Early last week I started working on a piece on why the Federal Reserve didn’t step in during the Trump Tariff Financial Panic. The basic idea of that piece is simply that “repo rates”- the interest rate at which you can, in essence, borrow funds| Notes on the Crises
This is a free piece of Notes on the Crises. I will not be paywalling any coverage of this crisis for as long as it persists, so please take out a paid subscription to facilitate performing that public service. You can also leave a “tip” if you want| Notes on the Crises
It has been some time since I’ve provided detailed analysis of the Trump Tariff situation. Others are covering the details of the Tariffs themselves quite well. The best coverage of the tariff details comes (unsurprisingly) from Joey Politano. I especially recommend checking out this piece as well as| Notes on the Crises
Subscribe I have ended up taking a lot longer to write up my biggest picture thoughts on the dollar than I initially expected. Partially this is because things seem to have stabilized- for now- and thus I didn’t feel the pressure to rush a piece out. Just yesterday China| Notes on the Crises
Until Further Notice, Comprehensive coverage of the Trump-Musk Treasury Payments Crisis of 2025| Notes on the Crises
Hello readers. As discussed at the beginning of this week, there are a lot of exciting things coming out of Notes on the Crises quite soon. At least a couple of them are coming this coming week. In the meantime however, I thought it was a good time to start| Notes on the Crises
I have been very overdue in telling readers my plans in greater detail. I was going to put out this piece laying out what my plans for Notes on the Crises out last Sunday, but alas I got sick more than a week ago and it took me more than| Notes on the Crises
I have a lot of writing to get out over the next couple of weeks, especially following up on the Trump Tariff Crisis and the Future of the Dollar. I also need to dig back into the state of play at the Bureau of Fiscal Service. Today however, it's important| Notes on the Crises
After my Rolling Stone piece on March 13th, I received a flurry of messages asking me about how my reporting was related to an op ed in the Seattle Times. Many people even generously said that my Rolling Stone reporting was confirmed correct by that article.| Notes on the Crises
Given recent events, I felt it was finally time to come back and publish this piece. Most of my writing was going to be devoted to piercing the ideology of central bank independence so that the Federal Reserve would be treated like an independent administrative agency like any other.| Notes on the Crises
Exactly seven weeks since the first interview Krugman did with me was published, I have another interview to bring readers -- it's focused on the bread and butter elements that make up a modern financial crisis.| Notes on the Crises
This talk, entitled “Monetary Sovereigns, Monetary Subjects and Monetary Vassals: A Spectrum Approach to Monetary Sovereignty and Our Dollar World”, lays out the basic building blocks of how I think about the international monetary order.| Notes on the Crises
For those just tuning in: I wrote a piece a day for the first three days of this week on what we should probably now term the “Trump Tariff Financial Crisis”. The only missing piece was the international financial architecture part, which is the subject of today’s piece.| Notes on the Crises
Understanding what’s going on during the Trump Tariff stock market panic each day is extremely difficult. All of the most intricate and obscure questions about the Financial System’s “plumbing” become relevant all at once.| Notes on the Crises
I have a confession to make. Two months ago I tried to crash the stock market. Let me explain.| Notes on the Crises
It has been a little more than three weeks since my last piece, simultaneously published by Notes On The Crises and Rolling Stone, assessing the extremely alarming implications of the Federal Government taking 80.5 million dollars right out of New York City’s bank account.| Notes on the Crises
Federal Government’s mugging of New York City for FEMA funds suggests yes.| Notes on the Crises
I don’t really know what to say. I’ll figure out what to say another time. Paul Krugman, who recently left the New York Times, interviewed me for his newsletter and the transcript of the conversation, as well as the video, are being posted in both of our newsletters.| Notes on the Crises
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Twenty Two Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9 & Part 10 If| Notes on the Crises
For the past year and a half I’ve increasingly focused on using FOIA to scrutinize the Federal Reserve. Before I unveil the crown jewel of what I’ve accomplished so far, I think it's worth stepping back and saying why I’ve undertaken such a broad project.| Notes on the Crises
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Twenty Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8 & Part 9 If you are a| Notes on the Crises
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Fifteen Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7 & Part 8 If you are a current or| Notes on the Crises
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5, Part 6 & Part 7 If you are a current or former career Bureau of the Fiscal| Notes on the Crises
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5 & Part 6 If you are a current or former career Bureau of the Fiscal Service Employee,| Notes on the Crises
UPDATE 4:21 PM: MARKO ELEZ HAS RESIGNED. WALL STREET JOURNAL CLAIMS IT WAS OVER "RACIST POSTS". OBVIOUSLY NOT TRUE- WIRED, TALKING POINTS MEMO AND I GOT HIM. NEED TO REST, MORE TOMORROW Notes on the Crises pivoted over the weekend into around the clock coverage of the Trump-Musk Treasury| Notes on the Crises
Notes on the Crises pivoted over the weekend into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3 & Part 4 If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re| Notes on the Crises
If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent team, contact me over email or| Notes on the Crises
If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent team, contact me over email or| Notes on the Crises
If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent team, contact me over email or| Notes on the Crises
Until Further Notice: Comprehensive coverage of the Trump-Musk Treasury Payments Crisis of 2025| Notes on the Crises
This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while you still can Please recommend an| Notes on the Crises
Please recommend an institutional subscription to your academic library or employer (details here) The debt ceiling was unsuspended January 1st of this year which means the debt ceiling is back. According to now-former Treasury secretary Janet Yellen, they began using “extraordinary measures” to avoid hitting the debt ceiling as of| Notes on the Crises
Over the years I’ve gotten inquiries about taking on institutional subscriptions. Those requests have come from both academics and employees at for-profit businesses- Institutional subscriptions mean that a firm or a library would sign up on behalf of their employees, students or simply their patrons. I have had a| Notes on the Crises
Nathan Tankus reveals seven secret books authored by a very important Federal Reserve general counsel that he unearthed through a Freedom of Information Act request| Notes on the Crises
Nathan Tankus writes about a secret phone call between Paul Volcker and Federal Reserve Chairman Arthur Burns to save the Treasury from debt ceiling driven default| Notes on the Crises
Nathan Tankus covers his latest FOIA finding from the Federal Reserve regarding its response to Treasury debt ceiling struggles in 1968| Notes on the Crises
Subscribe Readers may recall that I wrote a Politico Op Ed at a critical moment in the debt ceiling showdown. That piece, was entitled “Biden Can Steamroll Republicans on the Debt Ceiling”, and I aimed squarely at debunking the idea that the Federal Reserve would step on any “unilateral actions”| Notes on the Crises
