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The Fed’s Malfeasance after SVB

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March 18, 2023
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This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face value—rather than significantly lower market value—of those banks’ Treasury holdings?

Bob’s study guide to A Theory of Money and Credit: Mises.org/HAP387a

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