November 25, 2020

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Steven Mnuchin’s Finest Hour – WSJ

1 min read

The late, great Milton Friedman used to say that nothing is so permanent as a temporary government program. That’s one of many reasons taxpayers should thank Treasury Secretary Steven Mnuchin for moving to end most of the Federal Reserve’s special pandemic lending facilities on Dec. 31 as Congress intended.

This isn’t popular at the Fed, which likes its growing ability to allocate credit and please politicians with loans to their allies. It also won’t go down well on most of Wall Street, which loves the Fed backstops. And…




2020-11-20 18:08:00


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