How to Think About the Fed Now | Jeff Deist
Channel: misesmedia
Date: 20/04/2020

The Fed is, in effect, a lawless economic government unto itself. It is the lender of first resort, a kind of reverse pawnshop that pays top dollar for rapidly declining assets.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original article: https://mises.org/wire/how-think-about-fed-now

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