Explainer: What Is Fractional Reserve Banking?
In response to our article defining the correlation between inflation and interest rates, TFR has been asked by many subscribers to explain the system that makes this possible. What is fractional reserve banking? Fractional reserve banking is a system of banking that...
Explainer: What Is The Relationship Between Interest Rates and Inflation?
With the recent talk about inflation hitting 40-year highs at 7% this past week, there has been a lot of discussions specifically centered on what the Federal Reserve's strategy is going to be in response. Most of you have probably heard what the Fed is proposing, but...
Inflation Soars to 7% a 40 Year High
CPI data released this morning revealed that the year-over-year inflation rate has hit 7%. This is the highest rate experienced in 40 years (since 1982) in the USA and there is no sign that we will be inflecting downward any time soon. Inflation is a tax on the...
Huffman Named Chairman of Senate Finance
Tuesday, Texas Lt. Gov. Dan Patrick announced that he was naming Republican State Sen. Joan Huffman (Houston) as the new Chairman of the Senate Committee on Finance, replacing outgoing Republican State Sen. Jane Nelson (Flower Mound) who has chaired the committee...
The Fiscal Responsibility Index, a Resource for Texas Taxpayers Since 2007
The first Fiscal Responsibility Index was released in 2007 as a tool to provide Texas taxpayers with the transparency needed for a system that was created to protect incumbent lawmakers. Before the existence of the index, no other organization had the sole...