Bob and Carlos discuss a recent Mercatus Policy Brief that documents how rising interest rates have caused the Fed to lose a trillion dollars in the value of its assets, and is now technically insolvent. Does it matter?
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Bob and Carlos discuss a recent Mercatus Policy Brief that documents how rising interest rates have caused the Fed to lose a trillion dollars in the value of its assets, and is now technically insolvent. Does it matter?
Episode 78: On the Fed’s Emergency Actions to Stem Coronavirus Panic
The Lara-Murphy Report
32 minutes
5 years ago
Episode 78: On the Fed’s Emergency Actions to Stem Coronavirus Panic
Carlos and Bob critically assess the Fed's $1.5 trillion repo operations, allegedly designed to stem market panic over the coronavirus. Bob observes that even Walter Bagehot's famous dictum said central banks should lend freely *at a high rate of discount*.Mentioned in this episode and other links of interest: Carlos and Bob's September 2016 presentation, "How to Weather the Coming Financial Storms." The documentary This Is Nelson Nash. Bob’s new series for the Mises Institute, Unde...
The Lara-Murphy Report
Bob and Carlos discuss a recent Mercatus Policy Brief that documents how rising interest rates have caused the Fed to lose a trillion dollars in the value of its assets, and is now technically insolvent. Does it matter?
