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Do We Need a Lender of Last Resort?

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Tags Booms and BustsCorporate WelfareThe FedInterventionism

10/20/2014Nicolás Cachanosky

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank, writes Nicolás Cachanosky. But do we really want central banks that reward insolvency and encourage inefficiency? This audio Mises Daily is narrated by Keith Hocker.

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