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The Biden administration has flooded our economy with borrowed/printed money. Their economic plan is following the same path as FDR's New Deal. The government schools teach that FDR's policies worked
Lee E. Ohanian is a senior fellow (adjunct) at the Hoover Institution and a professor of economics and director of the Ettinger Family Program in Macroeconomic Research at the University of California, Los Angeles (UCLA). He is associate director of the Center for the Advanced Study in Economic...
An old myth suggested that FDR’s New Deal saved America from an economic calamity caused by capitalism. Nothing could be more remote from the truth.
It has long been understood that deposit guarantees and too-big-to-fail (TBTF) policies create a moral-hazard problem—they incentivize banks to take on too much risk by shielding depositors and shareholders from losses in excess of equity (“left-tail” outcomes)—in American banking.1 Congress passed the Federal Deposit Insurance Corporation Improvement Act (FDICIA) in 1991 to mitigate the moral-hazard problem by restricting forbearance and implicit subsidies for undercapitalized banks.
DAN WALTERS: Gov. Gavin Newsom celebrates an article indicating that California’s economy could soon become the 4th largest in the world. But he ignores another report that new stock issuances