The Fed is Part of the Problem Too

Conn Carroll / June 15, 2009

We have long believed that the Treasury Department’s TARP interventions have become possibly the single most disruptive force in the global economy. Under the header The Beatings Will Continue Until Morale Improves, EconLog’s David Henderson flags a New York Times story suggesting that the Fed has become just as unhelpful an actor:

The New York Times today carries a story about how the Federal Reserve Board is making decisions about who gets loans and who doesn’t. The reporter, Edmund Andrews, writes: (more…)