Timing is everything. Imagine publishing a book two weeks before a major crisis that is perfectly explained in its pages. Jeanna Smialek just did that.
If you want to understand the financial crisis slowly unfolding right now, you can do no better than to read Limitless: The Federal Reserve Takes on a New Age of Crisis.
If you took an economics course back when you were an undergraduate, you may think that you know what the Federal Reserve does. Your monetary policy education, however, is probably out of date. March 23, 2020, is a date that means little to most people, but it is, as Smialek dubs it in a chapter title, “The Day the Fed Changed.” This is the story of a revolution, but because there were so many things happening in those days of Covid panic, not many people noticed.
Read the rest at Law and Liberty
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