The Fed's Malfeasance after SVB

This past weekend saw extraordinary actions by the Fed to address the meltdown of Silicon Valley Bank. Did the central bank break the law by effectively authorizing unsecured loans to banks based on the face value—rather than significantly lower market value—of those banks' Treasury holdings?

Bob's study guide to A Theory of Money and Credit: https://Mises.org/HAP387a
Jeff on the Fed as the ultimate bank: https://Mises.org/HAP387b

Find free books, daily articles, podcasts, lecture series, and everything about the Austrian School of Economics, at https://Mises.org​​.

Twitter ► https://twitter.com/mises/
Facebook ► https://www.facebook.com/mises.institute/
Instagram ► https://www.instagram.com/misesinstitute/
SoundCloud ► https://soundcloud.com/misesmedia/
Apple Podcasts ► https://podcasts.apple.com/us/artist/mises-institute/1280664810
Rumble ► https://rumble.com/c/c-2212754
Odysee ► https://odysee.com/@mises/
Podcasts ► https://mises.org/library/audio-video/

00:00 Introduction
00:50 Why the SVB failed
10:59 Unsecured Loans
20:17 Bad Banks and Bank Runs
24:51 Full Reserve Banking
35:07 Banking Regulations