All Commentary
Thursday, December 2, 2010

Fed Rescue Was Broader than Reported


“The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009.” (Washington Post)

The Fed is our central planner now.

FEE Timely Classic
“Planning Threatens Freedom” by C. Brandon Crocker