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The Fed Is Doing "Whatever It Takes" to Prop Up the Economy. That's a Very Bad Thing.

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Tags InflationMonetary PolicyInterventionism

05/27/2020Samuele MurtinuPeter G. Klein

There's now no difference between monetary policy and other government programs designed to prop up firms, industries, and other favored groups. The Fed is simply another government planning agency.

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Original Article: "The Fed Is Doing "Whatever It Takes" to Prop Up the Economy. That's a Very Bad Thing."

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Authors:

Samuele Murtinu

Samuele Murtinu is Associate Professor of Entrepreneurship at the University of Groningen in the Netherlands. Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

Contact Peter G. Klein

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

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