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The Fed’s Malfeasance after SVB

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 valuerather than significantly lower market value—of those banks’ Treasury holdings?

Bob’s study guide to A Theory of Money and CreditMises.org/HAP387a

Jeff on the Fed as the ultimate bank: Mises.org/HAP387b

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