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: <a href="https://Mises.org/HAP387a">Mises.org/HAP387a</a>
Jeff on the Fed as the ultimate bank: <a href="https://Mises.org/HAP387b">Mises.org/HAP387b</a>

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

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:&nbsp;<a href="https://Mises.org/HAP387a" rel="noopener noreferrer">Mises.org/HAP387a</a>
Jeff on the Fed as the ultimate bank:&nbsp;<a href="https://Mises.org/HAP387b" rel="noopener noreferrer">Mises.org/HAP387b</a>

The Fed's Malfeasance after SVB

The Human Action Podcast features in-depth interviews on current topics in economics through an Austro libertarian lens.

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The Fed's Malfeasance after SVB

The Fed's Malfeasance after SVB