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May 10, 2023
From Discipline to No Discipline: The Sorry Evolution of Modern Banking
By Doug French
Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

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The Failure of the Federal Reserve: The Covid Boom and Unnecessary Intervention
By Vibhu Vikramaditya
After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

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