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The Fed's Malfeasance after SVB

Human Action Podcast

Tags Booms and BustsThe FedMoney and Banks

03/18/2023Jeff DeistRobert P. Murphy

This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face valuerather than significantly lower market value—of those banks' Treasury holdings?

Bob's study guide to A Theory of Money and CreditMises.org/HAP387a

Jeff on the Fed as the ultimate bank: Mises.org/HAP387b

Authors:

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

Contact Robert P. Murphy

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

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