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The central bank has basically destroyed the business of risk, and commercial real estate remains a looming disaster. As a result, banks aren’t lending to regular people. The economy increasingly relies on little more than newly printed money. 

Original Article: “Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past​​”

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

 

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Thanks to the Fed, the High-Risk, Small-Time Borrower Is Becoming a Thing of the Past