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William Dunkelberg: If It’s Not One Thing, It’s...
It is bad enough that we have to deal with sticky inflation, now we're talking about a possible banking crisis. The policy to fight inflation is "tight money," slow the economy, reduce spending financed by loans. The policy to deal with bank illiquidity? Just the reverse. What's a regulator to do? Over the shoulder, the answer is don't
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Posted: March 28, 2023 Tuesday 01:27 PM