In the aftermath of two failed banks, the crypto-focused Signature Bank and the 16th largest U.S. depository Silicon Valley Bank (SVB), economists are questioning the role of the Federal Reserve in the banking crisis. Former economic advisor to President Reagan, Steve Hanke believes that the Fed’s contractionary policies have contributed to the current situation and…
Depositors of Failed Banks Should Not Be Bailed Out: Reagan Economic Advisor
March 14, 2023
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Business & MarketseconomyExecutive BranchFedFOMCMarketsPolicies & ImpactsPoliticsReaganSilicon ValleySilicon Valley Bank Collapsesteve hanksSVBUSUS News
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