This is a common theme in Republican administrations dating back to presidents Richard Nixon and Ronald Reagan. What you do is you break the government, make it very hard for the government to function, and then you loudly announce that the government can’t do anything.
Federal Reserve
… Reserve’s lender-of-last-resort function. To protect banks that over lend during easy money episodes, the Federal … Reserve’s lender-of-last-resort function. To protect banks that over lend during easy money episodes, the Federal … - page 733
… and - 10590 to a standing bailout offer and encourages banks and nonbank financial institutions to engage in reckless lending or … number 733 … to a standing bailout offer and encourages banks and nonbank financial institutions to engage in … - page 733
… limited so - 10591 This function should be limited so that banks and other financial institutions behave more … Such a reform should be given plenty of lead time so that banks can self-correct lending practices without disrupting … Page number 733 … This function should be limited so that banks and other financial institutions behave more … - page 733
… effectively prints money and then “borrows” it back from banks rather than those banks’ lending money to the public. This amounts to a … effectively prints money and then “borrows” it back from banks rather than those banks’ lending money to the public. … - page 735
… its balance sheet or simply stop paying interest so that banks instead lend the money. Congress should bring back the … its balance sheet or simply stop paying interest so that banks instead lend the money. Congress should bring back the … - page 735
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