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

The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.

Tags: Interventionism, Inflation, Monetary Policy

05/27/2020 Samuele Murtinu Peter 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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