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Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past

Summary:
The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money.  Original Article: "Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past​​" ...

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The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren't lending to regular people. The economy increasingly relies on little more than newly printed money. 

Original Article: "Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

 

Douglas E. French is a Director of the Ludwig von Mises Institute of Canada. Additionally, he writes for Casey Research and is the author of three books; Early Speculative Bubbles and Increases in the Supply of Money, The Failure of Common Knowledge, and Walk Away: The Rise and Fall of the Home-Owenrship Myth. French is the former president of the Ludwig von Mises Institute in Auburn, Alabama

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