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Bank Crises and the Interventionist Spiral
Mises Wire
Author: Jonathan Newman
Online Publish Date:
Category: Interventionism, The Fed, Monetary Policy, Money and Banks
Silvergate Bank, Silicon Valley Bank, Signature Bank, and First Republic Bank fell like dominos in March–April 2023. The United States Treasury, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) intervened in an unprecedented way to stall the domino effect. They waived the FDIC’s $250,000 cap on insured deposits at the failed
Robert Reich’s Blind Spots: The Elephant in the Progressive Left’s Room
Power & Market
Author: Jonathan Newman
Online Publish Date:
Category: Interventionism, The Fed, Inflation, U.S. Economy
Robert Reich is on his fifth myth , but so far, he has just been recycling the same progressive talking points in each one. The overall message is that big corporations and the super wealthy wield too much political power and that they shape the law in their own favor, contributing to terrible economic inequality. For Reich, the U.S. economy is a