What To Do If The Stock Market Crashes?
If the Stock Market crashes, the Federal Reserve System (the Fed) ought to open the Discount Window to Main Street, by making 1. loans only for the creation of real wealth; 2. loans at cost; 3. loans to benefit as large a number of people as possible by issuing loans to individual entrepreneurs, cooperatives, corporations with ESOPs and/or CSOPs as well as to public agencies with taxing power to fund infrastructure projects.
|Date of creation:||14 Mar 2017|
|Date of revision:||26 May 2017|
|Publication status:||Published in TalkMarkets Daily newsletter.NA(2017): pp. NA|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
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- Gorga, Carmine, 2017. "Concordian Economics: Beyond Micro and Macroeconomics," MPRA Paper 77498, University Library of Munich, Germany.
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