Munich Personal RePEc Archive

What To Do If The Stock Market Crashes?

Gorga, Carmine (2017): What To Do If The Stock Market Crashes? Published in: TalkMarkets , Vol. NA, No. Daily newsletter (14 March 2017): NA.

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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.

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