Mises Wire

Capital: It’s so easy to infuse it!

Capital: It’s so easy to infuse it!

NYT:

A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe on Wednesday announced the most aggressive infusion of capital into the banking system since the terrorist attacks of September 2001.

And it makes you wonder why they don’t do a one-time zillion dollar infusion of “capital” and make the whole world wealthy forever.

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