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What To Do If The Stock Market Crashes?

Carmine Gorga

MPRA Paper from University Library of Munich, Germany

Abstract: 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.

Keywords: D73; D78; E02; E32; E44; E52; E58; F53; G01; G18; G28; H12 (search for similar items in EconPapers)
JEL-codes: D73 D78 E02 E32 E44 E52 E58 F53 G01 G18 G28 H12 (search for similar items in EconPapers)
Date: 2017-03-14, Revised 2017-05-26
New Economics Papers: this item is included in nep-dcm, nep-fmk and nep-mac
References: View references in EconPapers View complete reference list from CitEc
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Published in TalkMarkets Daily newsletter.NA(2017): pp. NA

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