Only two things can save the Fed at this point. One is a bailout by the federal government. This recapitalization could be financed by taxes or by monetizing government debt in another blow to the value of the currency.
Markus H. Schiml
Markus H. Schiml is a PhD student at the University of Bayreuth, where he founded the Ludwig von Mises Forum. He is also a leading lecturer at the Institute of Educational Economics campus.
