Government Responds to Economic Woes by Making More Bad Mortgage Loans »
Robert Higgs | Sunday November 22, 2009 at 7:42 PM PDT | 12 Comments
Since the summer of 2008, the U.S. Treasury and the Fed have initiated a welter of new spending, lending, and subsidizing programs ostensibly aimed at stemming the recession that began early in that year and deepened quickly in its last quarter and in the first quarter of 2009. Among the most notable of these...
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