The Fed

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Andrew Moran

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

Robert Blumen

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

Daniel Lacalle

The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.