(Your editor penned this summary version of his writings on the Fed's Great-Depression era attempts at Main Street lending in the hope that a respectable newspaper would publish it. Alas, those newspapers turned it down, as did some more dubious outlets. As my piece's content seems as…
Having had a lot to say on these pages concerning the Fed's past Main Street lending efforts, I thought it proper to put in my 2 cents concerning its current plan, by responding to the Fed's request for comments on it. Unfortunately, "2 cents" is an all…
A few days ago, in response to the Fed's March 23rd announcement that it planned to help smaller businesses through a new Main Street Lending Program, I posted an essay here about the Fed's 13(b) business-lending program—a New Deal arrangement that had the same aims. Among other…