Keith Evans said most of what I was going to say, but I’ll just add this:

If you don’t like the Fed cutting the banks a line of credit, well, you REALLY wouldn’t like it if they didn’t. :-)

The lesson learned from 1929 (and 2008) is “Keep the banks liquid. If you don’t keep them liquid, things REALLY suck, really fast.”

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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