Mises Wire
Author:
Samuele Murtinu
Peter G. Klein
Online Publish Date:
No sooner had the COVID-19 recession hit the US economy—with its mandatory business and school closures, travel bans, shelter-in-place orders, and a massive drop in commercial activity—than politicians, academics, journalists, and business leaders began calling for the Fed to save it. The Fed’s response didn’t take long : a) $2.3 trillion in new