Mises Wire

The Socialization of Lending

The Socialization of Lending

And this morning, the Fed has deemed it necessary to lend, with no collateral, directly to businesses, thereby repeating in a worse form the very errors of Fannie and Freddie. Clowns with wrecker balls! Comments at the Washington Times are interesting. “Sounds like a great plan, who came up with that? Now I remember, it was Lenin.”

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