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  • How The Federal Reserve Quietly Bought The Bond Market

    How The Federal Reserve Quietly Bought The Bond Market
    2026/09/10
    We look at how the Federal Reserve's balance sheet has become a permanent fixture in global finance. With over four trillion dollars in Treasury holdings, the central bank is no longer just setting rates but actively shaping the market structure. We examine what this means for liquidity, yield curves, and your retirement portfolio. #FederalReserve #QuantitativeEasing #TreasuryBonds #MonetaryPolicy #InterestRates #BalanceSheet #YieldCurve #InflationHedge #MarketLiquidity #CentralBanking #FexingoBusiness #BusinessPodcast #EconomicsExplained #InvestmentStrategy #PublicDebt #FinancialMarkets #Macroeconomics #FixedIncome Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Tax Incentives Quietly Drain Public Schools

    How Tax Incentives Quietly Drain Public Schools
    2026/09/09
    In this episode of The Fiscal Policy Podcast, Lucas and Luna dissect the hidden fiscal drag caused by municipal tax abatements. Using the specific case of the Buffalo Bills stadium deal and similar industrial park incentives across the Rust Belt, they explore how selling future property tax revenue for immediate private gain erodes the local tax base. With school districts already facing funding shortfalls in September 2026, the hosts break down why these deals often fail to deliver promised jobs, leaving municipalities with less money but unchanged service obligations. Learn why the net present value of these incentives rarely justifies the long-term loss in educational funding. #FexingoBusiness #BusinessPodcast #PublicFinance #TaxPolicy #MunicipalBonds #SchoolFunding #TaxAbatements #EconomicDevelopment #LocalGovernment #PropertyTax #StadiumDeals #IndustrialParks #PublicSpending #FiscalPolicy #BuffaloBills #RustBelt #EducationBudget #NetPresentValue Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How Municipal Bonds Fund Your Local Schools

    How Municipal Bonds Fund Your Local Schools
    2026/09/08
    Lucas and Luna unpack the mechanics of municipal bonds, focusing on how local governments raise capital for schools, roads, and utilities without raising property taxes. They explore the tax-exempt status that makes these bonds attractive to high-income investors, the role of credit ratings in pricing risk, and the hidden trade-offs between short-term infrastructure needs and long-term debt service obligations. Using a specific example of a mid-sized city’s school district bond measure, they break down the yield curve for local debt, the impact of general obligation versus revenue bonds, and why some municipalities face refinancing traps when interest rates shift. #MunicipalBonds #PublicFinance #FexingoBusiness #BusinessPodcast #LocalGovernment #SchoolFunding #TaxExemptDebt #InfrastructureInvesting #CreditRatings #GeneralObligation #RevenueBonds #YieldCurve #RefinancingRisk #UrbanEconomics #CapitalProjects #BondMarket #FiscalPolicy #EconomicsExplained Keep every episode free: buymeacoffee.com/fexingo
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    11 分
  • How Subsidies Distort Real Estate Markets

    How Subsidies Distort Real Estate Markets
    2026/09/07
    We explore how targeted government subsidies for affordable housing in cities like Boston and Seattle have inadvertently inflated rents for everyone else. Lucas breaks down the unintended consequences of well-meaning policy, while Luna examines the data on displacement and market distortion. This episode dives into the specific mechanics of tax credits and zoning incentives that are supposed to help low-income families but often end up benefiting developers more than residents. We look at real-world examples where subsidy programs created a two-tiered rental market, pushing average rents higher in surrounding areas. It is a deep dive into the economics of public intervention in private markets, showing how good intentions can lead to bad outcomes when supply constraints aren't addressed. Listeners will learn why simply adding demand-side support without increasing supply can worsen affordability crises. #HousingPolicy #AffordableHousing #UrbanEconomics #RealEstateBubbles #SubsidyDistortion #ZoningReform #PublicSpending #MarketIntervention #RentalCrisis #TaxCredits #FexingoBusiness #BusinessPodcast #EconomicPolicy #CityPlanning #SupplyAndDemand #GovernmentWaste #HousingAffordability #UrbanDevelopment Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How Hidden Fees Drain Public Transit Systems

    How Hidden Fees Drain Public Transit Systems
    2026/09/06
    We break down the hidden financial architecture of municipal transit, focusing on how fare capping and zone-based pricing create a regressive tax on low-income riders. Using specific examples from London's Oyster system and New York City's MetroCard transition, we examine why agencies prefer complex fee structures over simple flat fares. The episode explores the tension between operational efficiency and social equity, revealing how small percentage hikes in late-night surcharges or transfer fees accumulate into billions in lost revenue that could fund service improvements. This is not just about buses and trains; it is about the invisible cost of urban mobility. #FexingoBusiness #BusinessPodcast #PublicTransit #UrbanEconomics #TransportPolicy #FarePricing #MunicipalFinance #SocialEquity #LondonUnderground #NYCTransit #OysterCard #MetroCard #RegressiveTax #UrbanPlanning #PublicSpending #EconomicInequality #CityBudgets #TransitAuthority Keep every episode free: buymeacoffee.com/fexingo
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    14 分
  • How Government Accounting Hides True Costs

    How Government Accounting Hides True Costs
    2026/09/05
    We explore the hidden world of government accounting, specifically how off-balance-sheet liabilities and complex financial instruments obscure the true cost of public spending. Lucas and Luna dissect a specific case where a local municipality hid billions in debt through special purpose entities, revealing the systemic incentives that drive this practice. We look at why standard accounting rules fail to capture long-term obligations like pension deficits and infrastructure maintenance, creating a fiscal blind spot for voters and investors alike. This episode breaks down the mechanics of these hidden costs and explains why they matter for everyone who pays taxes or holds municipal bonds. #FexingoBusiness #BusinessPodcast #Economics #PublicFinance #GovernmentAccounting #MunicipalDebt #OffBalanceSheet #SpecialPurposeEntities #PensionLiabilities #InfrastructureCosts #FiscalTransparency #BudgetDeficits #PublicSpending #FinancialReporting #CorporateGovernance #TaxpayerMoney #EconomicPolicy #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo
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    10 分
  • How Government Accounting Hides True Costs

    How Government Accounting Hides True Costs
    2026/09/04
    Most people think government budgets are simple ledgers, but the way Washington tracks money reveals a massive accounting illusion. We look at how cash-basis reporting masks long-term liabilities, turning future obligations into invisible debt that never hits the headline numbers. By examining the gap between outlays and accruals, we see why the true fiscal picture is far grimmer than the annual report suggests. This episode breaks down the mechanics of modified cash accounting and why switching to full accrual would change everything we know about public finance. #GovernmentAccounting #FiscalPolicy #PublicDebt #BudgetDeficit #AccrualVsCash #FederalBureauOfEnrollment #SocialSecurityTrustFund #MedicareLiabilities #GovermentWaste #EconomicTransparency #TaxpayerMoney #FexingoBusiness #BusinessPodcast #LucasAndLuna #MacroEconomics #PublicSectorFinance #TreasuryDeposits #OffBalanceSheet Keep every episode free: buymeacoffee.com/fexingo
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    11 分
  • How The Federal Reserve Quietly Bought The Bond Market

    How The Federal Reserve Quietly Bought The Bond Market
    2026/09/03
    The Federal Reserve’s balance sheet has grown to over eight trillion dollars, making it the largest single holder of US Treasuries and mortgage-backed securities in history. This episode examines how quantitative easing evolved from an emergency tool into a permanent fixture of market infrastructure, fundamentally altering how interest rates are set and who bears the cost of inflation. Lucas and Luna break down the mechanics of open market operations, the concept of term premium suppression, and why the Fed’s exit strategy is so fraught with risk. We look at specific data points regarding the maturity structure of assets held by the central bank versus private investors, and what happens when those bonds finally mature without being reinvested. This is a deep dive into the plumbing of modern monetary policy. #FederalReserve #QuantitativeEasing #MonetaryPolicy #TreasuryBonds #InterestRates #BalanceSheet #InflationHedge #BondMarket #FexingoBusiness #BusinessPodcast #EconomicsExplained #CentralBanking #YieldCurve #LiquidityTrap #FiscalDominance #MarketStructure #PublicDebt #Macroeconomics Keep every episode free: buymeacoffee.com/fexingo
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    11 分