Bank Loans Have Not 'Dried Up'

cato.org

18 pointshelveticaman3 comments

The article links to the federal reserve website, which has updated information for the week after the article was published: http://www.federalreserve.gov/releases/h8/data.htm

The new numbers also support the idea that all this hysteria over loans drying up isn't factually based, but I don't really know much about this stuff.

obviously. the banks just want to charge higher interest rates, which they should. i would too given the debt load of the average consumer or company.

what this boils down to is the govt legislating low interest rates. they can't. even lowering the fed rate won't stop the rise in intrabank and consumer interest rates

Good point, although I think it was disingenuous of the author not to mention that interest rates are higher. I think that is clearly another type of "tightening."

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