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.