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.
Samuele Murtinu
Samuele Murtinu is Associate Professor of Entrepreneurship at the University of Groningen in the Netherlands. Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business.
Latest work
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...
