Tyranny Thy Name Is Emergency

Tyranny Thy Name Is Emergency
People line up outside of a Silicon Valley Bank office in Santa Clara, Calif., on March 13, 2023. Justin Sullivan/Getty Images
Jeffrey A. Tucker
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Commentary

Last week, the federal government embarked on a disastrous path as regards banking and finance. Their actions guarantee a worsening of the problem, whether in the near term or down the line. These “emergency” actions have effectively created a moral hazard that could wreck the entire sector and the whole economy over time.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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