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The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.
Media Asset
Author: Samuele Murtinu Peter G. Klein
Online Publish Date:
Category: Interventionism, Inflation, Monetary Policy
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. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros . Original Article: “ The Fed Is Doing “Whatever It
The Fed Is Doing “Whatever It Takes” to Prop Up the Economy. That’s a Very Bad Thing.
Mises Wire
Author: Samuele Murtinu Peter G. Klein
Online Publish Date:
Category: Interventionism, Inflation, Monetary Policy
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