, Columnist
The Coronavirus Rescues Can’t Come Quickly Enough
Another day, another extraordinary action; and we still need more.
Fed Chairman Jerome Powell, who has been busy lately.
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For years after the 2008 financial crisis, we told ourselves such a thing wouldn’t happen again soon because we were no longer building freaky instruments of mass financial destruction. We were just lending ungodly mountains of money to governments and businesses at rock-bottom interest rates, and when had that ever gone wrong?