throughout 2008 and 2009, the Fed dealt with a great deal of criticism. Judging by their actions so far in this crisis, the Fed chairman, Jerome Powell, and his coworkers would choose "> throughout 2008 and 2009, the Fed dealt with a great deal of criticism. Judging by their actions so far in this crisis, the Fed chairman, Jerome Powell, and his coworkers would choose to concentrate on supporting the credit markets by buying and financing baskets of monetary properties, instead of lending to individual business. Unless we want to let troubled corporations collapse, which could accentuate the coming slump, we need a method to support them in a sensible and transparent manner that lessens the scope for political cronyism. Fortunately, history offers a design template for how to carry out business bailouts in times of severe stress.

" /> throughout 2008 and 2009, the Fed dealt with a great deal of criticism. Judging by their actions so far in this crisis, the Fed chairman, Jerome Powell, and his coworkers would choose to concentrate on supporting the credit markets by buying and financing baskets of monetary properties, instead of lending to individual business. Unless we want to let troubled corporations collapse, which could accentuate the coming slump, we need a method to support them in a sensible and transparent manner that lessens the scope for political cronyism. Fortunately, history offers a design template for how to carry out business bailouts in times of severe stress.

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<p class="p__2">throughout 2008 and 2009, the Fed dealt with a great deal of criticism. Judging by their actions so far in this crisis, the Fed chairman, Jerome Powell, and his coworkers would choose to concentrate on supporting the credit markets by buying and financing baskets of monetary properties, instead of lending to individual business. Unless we want to let troubled corporations collapse, which could accentuate the coming slump, we need a method to support them in a sensible and transparent manner that lessens the scope for political cronyism. Fortunately, history offers a design template for how to carry out business bailouts in times of severe stress.</p>

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