Today the Fed begins making loans to to all sorts of ordinary businesses, something it last tried doing between 1934 and 1958. Let's hope it works out better this time.

Today the Fed begins making loans to to all sorts of ordinary businesses, something it last tried doing between 1934 and 1958.

Let's hope it works out better this time. https://t.co/P3qrJapnRD

— George Selgin (@GeorgeSelgin) June 15, 2020